Industry report finds market opportunities for home energy management, residential battery storage, and solar solutions continue to grow

Parks Associates research reveals more than one-third of U.S. broadband households consider battery storage for their homes to be very valuable, although only 16% feel they are very familiar with this solution. The firm’s report Home Energy Management: Road to Net Zero notes the high value scores are encouraging, especially given that four out of five U.S. homeowners believe that having an energy-efficient home is important or very important.

“Energy providers and solar industry players have an opportunity to build on consumer interest with new solutions that include high-efficiency appliances, equipment, and smart home energy products and services,” said Denise Ernst, Senior Analyst, Parks Associates. “There are also partnership opportunities with homebuilders, as these benefits can be baked into the home construction. Near-zero and zero-ready homes create more choice for consumers as these homes are now cost competitive to standard dwellings.”

Home Energy Management: Road to Net Zero provides an overview of market opportunities in zero net energy for energy management and solar industry players and analyzes the evaluations being made by builders in residential construction and the tradeoffs associated with different energy-efficiency investments.

“Consumers associate many benefits with an energy-efficient home: higher quality, healthier living, quieter, and more comfortable,” Ernst said. “In the smart home sector, smart thermostats, smart plugs and smart lighting offer energy savings as a primary benefit, but smart door locks, doorbells, and cameras can add to the energy usage of the home. The product vendors that can demonstrate energy reduction through Energy Star® certification and inclusion in building standards codes will be in a good position to compete and succeed in the zero net energy (ZNE) home sector.”

Additional research from the report includes:

• Requiring enrollment in a DR program as a condition of accepting a rebate for higher efficiency products reduces purchase intention by 50%.
• One-third of homeowners report having a monthly electricity bill less than $100.

Parks Associates is hosting Smart Energy Summit: Engaging the Consumer on February 18-20, 2019, in Austin, Texas. The conference features keynotes from Direct Energy and Nest/Google. Early sponsors include Bidgely, Tendril, Rapid Response Monitoring, Trusource Labs, and Austin Energy. Early registration ends December 14.

For more information about Home Energy Management: Road to Net Zero, contact [email protected]. To schedule an interview with an analyst or to request specific research data, please contact Julia Homier at [email protected], 972-996-0202.

About Parks Associates: Parks Associates, a woman-founded and certified business, is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates provides business intelligence and research services through its proprietary methodologies developed over decades, including quarterly surveys of 10,000 internet households.

The company's expertise crosses many industries: home security and smart home, streaming video, broadband and pay-TV services, digital media and platforms, gaming, Wi-Fi and home networks, connected health, support, consumer electronics, home control systems, energy management, and tech solutions for the multi-dwelling (MDU), small-to-medium business (SMB), and commercial building markets.

Each year, Parks Associates brings thousands of leaders together for its webinars and annual events. The firm hosts the annual executive research and strategy conferences CONNECTIONS™, Connected Health Summit, Smart Energy Summit, Smart Spaces, and Future of Video. https://www.parksassociates.com
 

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