Electrification of houses saves money, even on finance

A house that moves to fully electric - with solar panels and an electric vehicle - and using finance - can save thousands of dollars a year. Rewiring Aotearoa - a non-profit organisation making the case for electrification of homes, businesses and communities - has today put out its Electric Homes report. It says New Zealand is likely one of the first countries in the world to have reached a tipping point where electrification of homes and vehicles delivers both cost and emissions savings. That's because of New Zealand's highly renewable grid - just over 90 percent of all electricity generation came from renewables like wind, solar and hydro - meaning that when we use electricity in place of fossil fuels, emissions drop. Mike Casey is chief executive of Rewiring Aotearoa. He's also known for his fully electric cherry orchard in Central Otago.