I will talk about the formalism of supersymmetric localization in supergravity using the deformed BRST algebra defined in the presence of a supersymmetric background. The gravitational functional integral localizes onto the cohomology of a global supercharge Q_eq, obeying (Q_eq)²=H, where H is a global symmetry of the background. This construction naturally produces a twisted version of supergravity whenever supersymmetry can be realized off-shell. I will present the details of the twisted graviton multiplet and ghost fields for the superconformal formulation of four-dimensional N=2 supergravity. As an application of our formalism, we systematize the computation of the exact quantum entropy of supersymmetric black holes. In particular, we compute the one-loop determinant of the Qeq deformation operator for the off-shell fluctuations of the Weyl multiplet around the AdS₂×S² saddle.