This is strange. "20 to 40% power loss" seems to be an awfully poor inverter; existing inverters are 4-8 % loss.
Rather than rewire every house in America, wouldn't it make more sense to just design better inverters?
Or just run at 120V DC, as renewable energy systems did (and occasionally still do) before so many appliances were AC-only that it made sense to use an inverter.
Dropping voltage means you have to replace the copper wiring with MUCH HEAVIER wiring - by a square law - to carry a given amount of power with the same loss - and thus wiring heating inside the walls, where it can set the house of fire.
Switching to 120V just means using DC-capable appliances and replacing the breakers (DC is harder to interrupt) and must-be-GFCI outlets (normal GFCI devices use a transformer to sense unbalanced load).
The 48V standard was about having a voltage that was low enough that touching it was typically survivable, so working on or near it is (relatively) safe. The boundary between the hard part and the easy, "low-voltage", part of the electrical code is 50V (BECAUSE of phone companies B-) ). Medium power (>1KW) home Renewable Energy systems tend to be at 48V so much of the wiring falls under the easier part of the code, and because of the availability of