Assembly Bill 137 directs the California Energy Commission (CEC) to implement and administer a statewide program to incentivize the construction of new multifamily and single-family market-rate all-electric residential buildings, as well as residential energy storage systems, with funds appropriated in the Budget Act of 2021. The CEC has developed these Guiding Principles to be utilized as the overarching objectives for program design, implementation, and administration of the California Electric Homes Program (CalEHP). These principles will be considered and adopted by the CEC and provide guidance for the potential third-party administrator to consider in designing and implementing the program design, which will be competitively selected. Ultimately, the program will provide incentives, technical assistance, and establish a technical advisory group for market-rate all-electric and energy storage equipped residential builders and developers.