Washington, D.C. — The best time for an electrician to install new homes, whether they are in a new or used home, depends on the type of electrical appliance and how often you want to upgrade, a new report says.
The new report from the Edison Electric Institute (EEI) looks at how the industry is evolving and compares how people choose to purchase new and used homes to the trends that have emerged in the past three decades.
It found that most people do not have to worry about replacing or downgrading existing electrical equipment to make the switch to an electric appliance.
The study also found that consumers tend to spend more money on new electric appliances, with many choosing the best-performing products over the ones that were rated to be least expensive.
It’s an evolution that has been underway for some time.
In the mid-1980s, the average household bought an electric-operated home about a decade earlier than they do today.
In the early 2000s, however, new technologies made electric appliances more expensive and easier to install.
Today, consumers spend about $2,000 more on an electric home compared with a used home.
Electric homebuyers tend to be younger, with average ages at purchase being 28 years old and 30 years old, and most buying for their children.
They tend to have larger families and larger incomes, the report said.
There are more options in the marketplace today than ever before, and the demand for electric appliances is increasing, said Andrew McEachern, senior vice president of energy for EMI.
The most popular electric appliances in the United States are: Electric hot water heaters