Home Energy Management

Tuesday, April 25, 2023

Nearly a Quarter of Property Owners and Managers Report Being Understaffed for Maintenance Operations

GE Appliances research features challenges of staffing and labor shortages in the multifamily market

Parks Associates today announced new research in partnership with GE Appliances revealing that staffing shortages and overall labor pressures have had an outsized impact on the multifamily market. The research found 24% of property owners and managers report being understaffed for maintenance operations and almost half report difficulty both retaining and hiring staff. In add ...read more

Thursday, March 30, 2023

New Energy Devices Enable Real-Time Performance Consumers are Demanding

New white paper, released in partnership with Alarm.com, addresses opportunities for security providers to offer energy management solutions

At ISC West,Parks Associates today announced the new white paper Energy, Security, Automation: Converging into Peace of Mind, which explores the convergence between security, home automation, and home energy solutions. The firm’s latest data shows 16% of households currently have a smart thermostat, and while only 5% of internet househo ...read more

Wednesday, March 15, 2023

17% of US Internet households are very familiar with solar panels

48% of households report monthly energy savings as the main purchase driver of solar panels

Parks Associates’ latest report “Solar and Storage: Opportunities in the Smart Home,” available to purchase online, finds consumers are concerned about high energy prices but still have low familiarity overall with solar panels. More than 60% of US internet households report their electricity costs are too high, which would benefit the market for solar solutions, but only 17% of US in ...read more

Wednesday, November 23, 2022

Impact of growing smart home ecosystem on energy management solutions addressed in new research whitepaper

Nearly one-third of US internet households report intentions to purchase a smart energy device in next six months

A new Parks Associates whitepaper, Next Frontier of Smart Energy Management, reports strong consumer purchase intentions for smart energy devices—almost one-third plan to buy a smart light bulb (32%), smart plug (30%), and/or a smart thermostat (29%) in the next six months. The whitepaper, developed in partnership with SmartThings, addresses how connected technol ...read more

Wednesday, October 26, 2022

27% of smart thermostat owners report owning a Nest thermostat

New research highlights factors that could drive smart thermostat growth, including grid instability and rising energy costs

New research from Parks Associates shows that 13% of internet households have a smart thermostat. About one in four, equaling roughly 15 million households, report owning a Google Nest thermostat, while Honeywell and ecobee round out the top three brands in this product category. Parks Associates’ Smart Thermostat Market Assessment includes consumer da ...read more

Tuesday, September 20, 2022

Electric vehicle owners are two times as likely to own smart home devices and up to five times as likely to own smart appliances

Parks Associates highlights new research at CEDIA Expo in session “The Role of Energy Management in the Future Home”

Parks Associates’ new consumer study Electric Vehicles and the Smart Home finds that nearly three-fourths of electric vehicle (EV) owners own at least one smart home device, compared to 38% of all US internet households. The research firm will share its energy and smart home insights on the panel “The Role of Energy Management in the Future Home” at the upcomi ...read more

Tuesday, September 06, 2022

Electric vehicle owners charge at home most often, but 61% also charge regularly at work

Industry webinar, in cooperation with Particle, addresses new opportunities and challenges within the growing electric vehicle (EV) market

Parks Associates research finds that while electric vehicle (EV) owners charge at home most often, 61% also charge regularly at work, and over 50% charge while at a restaurant, highlighting the demand for and need to expand charging infrastructure as more households acquire EVs.

The research firm will highlight its consumer EV researc ...read more

Thursday, June 23, 2022

36% of consumers would pay more to use power from renewable sources

Industry webinar, in cooperation with Schneider Electric, features insights on opportunities, challenges, and trends in home energy

Parks Associates research reveals consumer interest in renewables is growing stronger—56% of US internet households would select renewables as an energy source if costs were the same and 36% say they would pay more to use power from renewable sources.  The webinar “Smart Home Energy Solutions: Making a Complex Future Simple” on Thursday, June 28 ...read more

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