Credit: Getty Images.

The numbers are staggering: Every $1,000 increase in the price of a home pushes nearly 7,000 New York families out of homeownership.

Yet despite such clear data on the housing crisis, the state is pushing forward with a sweeping all-electric mandate for new construction that will go into effect next year. The mandate risks exacerbating this crisis, adding thousands of dollars to building costs, delaying projects and straining our already-overburdened power grid.

Advertisement

Article continues below this ad

How we navigate the new mandate comes with real consequences. If developers and builders find it too costly, slow or uncertain to operate in New York, they will invest in other states.

The costs to electrify a home — including installing heat pumps and upgrading electrical service — can easily exceed $25,000 per unit, before even factoring in........

© Times Union