- Working Paper
Abstract: Residential buildings account for 22% of U.S. carbon emissions and there is widespread consensus that these carbon emissions can only be reduced if buildings become both more efficient and switch all of their fuel sources to electricity. We have developed an outline for an economic recovery package that would support energy retrofits for the 84 million detached single-family homes in the U.S. These retrofits would lead to a 31% to 48% reduction in U.S. residential carbon emission while creating well-paying clean tech jobs distributed across the nation. The goal of the program is to raise the nationwide retrofitting rate to 4% by 2030 so that all single-family homes will be retrofitted by 2050. Ultimately, the goal of the program is to provide a base of support so that market forces can sustain a 4% retrofitting rate after the ten year program phases out.