A new report from Parks Associates, Inc. revealed that more consumers are now interested in purchasing smart thermostats.

The report, Winning Smart Home Strategies for Energy Management, reveals that 40 percent of the 10 million thermostats sold in the United States are smart thermostats. The report also estimates that by 2017, smart thermostats will account for 50 percent of the market.

According to Tom Kerber, director of research for Home Controls & Energy, Parks Associates, cooling and heating a home accounts for 50 percent of the utility bill, and in order to cut back, consumers are now turning to smart thermostats to save up. Also, utility providers are incorporating smart thermostats into their home energy management initiatives to help consumers cut energy consumption, as well as gather data on energy trends.

From the article "Consumers are loving smart thermostats" by Mellisa Tolentino.

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