EcoFactor, the leader in cloud-based home energy services, formally announced the launch of its HVAC Performance Monitoring (HPM) service after completion of a successful HVAC trial evaluating thousands of homes. Using patented cloud-based analytics algorithms and pattern recognition, the service remotely detects, analyzes and notifies consumers of HVAC performance issues. This early warning service is delivered through EcoFactor's SaaS energy analytics platform and expands the company's current offerings, which include residential energy efficiency and demand response. HPM can deliver real energy efficiency savings on top of the 10–15 percent savings already achieved through EcoFactor's patented automation service.
The results of the trial support the widely-held belief in the HVAC industry that millions of American homes have problems with their heating and cooling systems that go undetected – problems that represent big opportunities to save both energy and money. More significant was the finding that many of these issues can be accurately recognized through data analytics. EcoFactor discovered that six percent of all households in the trial had HVAC system problems that wasted energy and often compromised comfort as well. Furthermore, 68 percent of consumers who experienced issues were unaware that there was a problem. Many of the issues uncovered by EcoFactor's HPM service would likely have resulted in catastrophic equipment failure possibly costing thousands of dollars to fix if left untreated.
"HVAC dealers will line up for this service because it enhances the value of their HVAC service contracts and lowers customer acquisition costs. In addition, keeping a product running at peak efficiency over its lifetime provides pervasive savings, making it ideally suited for utility energy efficiency incentives. Many utilities are in the process of integrating fault detection into their energy efficiency programs," says Tom Kerber, Director of Research at Parks Associates.
The mandatory inclusion of Fault Detection and Diagnostics (FDD) in commercial roof top HVAC systems in building codes such as California's Title 24, effective July 2014, will alter the HVAC industry. The ability to diagnose faults with remote analytics will be a powerful alternative to expensive hardware solutions.
From the press release, "EcoFactor Debuts Residential HVAC Performance Monitoring Service."
