The aviation world is dealing with the development of new and greener aviation. The need for reducing greenhouse gas emission as well as the noise is a critical requirement for the aviation of the future. The aviation world is struggling with it, and a compelling alternative can be the electric propulsion. This work aims to present THEA-CODE, a tool for the conceptual design of hybrid-electric aircraft. The tool evaluates the potential benefits of the electric propulsion in terms of fuel burnt and direct and indirect CO2 emissions. THEA-CODE is suitable not only for conventional “wing-tube” configurations but also for unconventional ones, such as the box-wing. The results show a significant reduction of fuel burnt adopting batteries with energy density higher than the current state of the art. A procedure to find the potential best compromise configurations is presented as well.