Colorado's electricity rates and rebate programs are spurring the state's residential and commercial builders to hit the off switch on all-electric buildings, even though they're cheaper to build than spaces that use natural gas.
That's according to a report from consulting firm Group14 Engineering and Community Energy Inc., a firm that partners with utilities, companies and communities to develop wind and solar energy.
"Colorado spent over $16 billion on new residential and commercial construction in 2019, with the overwhelming majority of these new buildings relying on natural gas," Community Energy co-founder and director Eric Blank stated. "Colorado has a near-term opportunity to modify its energy rates and rebate programs to encourage building electrification and accelerate the clean energy transition."
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Phillip Bantz
Phillip Bantz is a reporter for Corporate Counsel. Follow him on Twitter @PhillipBantz.
