Building Electrification Cost Calculator

Electrification shifts buildings off fossil fuels toward grid electricity.

Units

Heat pump cost/unit

Water heater cost/unit

Panel upgrade/unit

Range cost/unit

Total electrification cost

$2,655,000

Per unit cost

$17,700

Mechanical portion

$1,950,000

How the math works

Per unit = HP + WH + panel + range. Total = × units.

$10k + $3k + $3.5k + $1.2k = $17.7k per unit × 150 = $2.66M total electrification.

How to Use

Enter unit count.
Enter heat pump cost per unit.
Enter water heater cost per unit.
Enter electric panel upgrade.
Enter range upgrade per unit.
Read total electrification cost.

Frequently Asked Questions

Electrification drivers?

Carbon neutrality goals. NYC LL97. Berkeley gas ban for new buildings. San Francisco gas ban. Many cities ban gas in new construction. Renovation often triggers electrification requirement.

Typical costs?

Heat pump + ductwork: $8-15k per unit. Heat pump water heater: $2-5k per unit. Electric range: $500-1500 per unit. Panel upgrade to 200A: $2-5k per unit. Total: $15-25k per unit common.

Incentives?

Inflation Reduction Act: $2-8k per unit for heat pumps. State incentives stacking (CA, MA, NY). Utility rebates. Property tax savings potentially. Combined 20-40% of gross cost often.

How often should I rerun this?

Rerun this calculator whenever inputs change materially — new rent roll data, rate moves, loan balance updates, or quarterly operating data. For active deals, monthly refresh is typical. For stabilized assets under monitoring, quarterly is fine. Treat the output as a decision tool, not a one-time answer — market conditions evolve and so should your analysis.