Home Energy Management

New announcements recently within the energy management industries continue to underscore the opportunities for new products and services to help reduce energy consumption.  Currently, only a modest percentage of broadband households report using renewable power, but Parks Associates research shows there is a widespread desire to use clean energy and a reasonably broad willingness to pay more for it. Over 40% of broadband households would prefer to live in a community-powered...

The smart home is a strong driver of residential energy efficiency. Smart thermostats and smart lighting are among the top adopted categories of smart home products, creating opportunities for utility energy efficiency and demand-response programs. New business models and technology provide opportunities to change the customer relationship and drive engagement and participation in energy management solutions leveraging connected devices in the home. Once overlap is accounted for,...

The impact of COVID-19 on consumers’ lifestyles, work, schooling, and transportation patterns have been immense. Beyond the actual infections and deaths resulting from the virus, perhaps no impact has been greater than the resultant effects on the economy, employment, and ability for people to make ends meet. 29% of US consumers in households with broadband internet tell us they are “Very concerned” with their ability to pay the bills as of September 2020 – a percentage...

As part of Parks Associates’ connected home and smart energy research, the firm asks consumers about electric vehicles, and recent results showing an unchanged market year over year with 7% of broadband households having at least one electric vehicle, have aligned with general downturn in the automotive industry as adoption stalled in 2020. Parks Associates reports that only 15% of US broadband households indicate intentions to purchase an EV in 2021. Among consumers who do not...

Connectivity of a smart home provides consumers and energy service providers the tools to manage energy consumption throughout the home. As the adoption of solar, storage, and electric vehicles continues to rise, utilities have the opportunity to align operation of smart home devices to the needs of the grid. Don’t miss Parks Associates ’ Smart Energy Summit: Engaging the Consumer conference as it continues its virtual series next week with the upcoming session Next Stages...

Parks Associates continues its 2021 virtual Smart Energy Summit with a session on April 28, MDUs: Leveraging Proptech for Smart Energy Management . Sce Pike, CEO and Founder, IOTAS , will join other industry leaders during the session as an interactive panel member of Scaling Up: The Role of Smart Home Tech in MDUs and will address energy management solutions adopted in the MDU and multifamily environment, including new builds and retrofit, and successful strategies and partnerships...

Parks Associates' twelfth annual  Smart Energy Summit: Engaging the Consumer  virtual series continues with the upcoming session  MDUs: Leveraging Proptech for Smart Energy Management  on April 28 from 12:30 PM to 2:45 PM CST. Industry leaders will address energy management solutions adopted in the MDU and multifamily environment, including new builds and retrofit, and successful strategies and partnerships in deploying and marketing these solutions. Register...

Parks Associates' upcoming virtual Smart Energy Summit offers a unique combination of industry expertise and extensive consumer research and analysis, ensuring sponsors are in front of a high-level audience unavailable anywhere else within this market. Ahead of the summit, Suleman Khan, CEO of Swell Energy and a speaker on the interactive panel for DERMS: Solar, Storage, and Microgrids , shared with us his insights on energy in the smart home. What new opportunities have...