Evolving home energy consumption

Intentions, actions, and hurdles to greater home energy efficiency

Overview

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Increasing home electrification, rising energy costs and climate concerns are reshaping consumer priorities, with energy efficiency and sustainability at the forefront of homeowners’ minds.
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Discover how consumers are trying to reflect their values in their home energy actions, and the missed opportunities and gaps between intentions and practice.
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Explore the transformative role of smart technology, including AI and energy management systems, in optimizing energy use and reducing carbon emissions. And, how the often-overlooked electrical panel is evolving into a vital component for modern, energy-efficient, and resilient homes.

Key findings

Energy Efficiency Top of Mind
- Nearly 48% of respondents rank energy efficiency as their primary concern due to rising costs and climate pressures.
- 38% aspire to achieve energy independence by generating their own power.
Climate Change & Homes
- 50% of consumers are willing to sacrifice personal comfort to reduce emissions.
- Smart lighting and voice assistants top the list of preferred smart devices, highlighting a shift toward sustainable convenience.
- Affordability remains a challenge, with 52% agreeing smart home tech is too expensive.
Home Energy Actions
- Everyday actions like switching off lights are routine for 58% of respondents, but adoption of impactful energy-saving upgrades remains limited.
- 42% of respondents believe smart home devices offer an easy way to reduce energy consumption.
- Smart lighting (24%) and smart thermostats (21%) are the most common devices aiding in reducing energy use.
Understanding the Role of the Electrical Panel
- While 62% know their electrical panel’s location, 22% are unsure of its function, and 16% don’t know where it is at all.
- 33% of EV charger and heat pump adopters upgraded their panels but lack clarity on necessity.
- Future-ready panels are poised to manage complex energy loads while integrating renewable solutions seamlessly.

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Evolving home energy consumption: Intentions, actions, and hurdles to greater home energy efficiency