Parks Associates: More Than Half of All US Households Say They Value the Energy-Saving Benefits of Smart Home Tech
DALLAS, April 11, 2024 /PRNewswire/ -- Parks Associates' latest research finds 52% of US internet households indicate automating savings and remotely controlling lights, thermostats, and appliances to save energy are valuable or highly valuable benefits for smart home devices. The research firm will share the latest data on the adoption of connected home technologies at its 28th annual CONNECTIONS™: The Premier Connected Home Conference, hosted May 7-9 at the Hilton Dallas/Plano Granite Park Hotel in Plano, TX.
- The executive conference features educational sessions focused on the next generation of home services, new revenue strategies, the role of AI in the smart home, insurance partnerships and risk reduction, and the role of interoperability.
- "Purchase intentions for solar panels have dropped to 2018 levels after a peak of 12% at the end of 2021," said Elizabeth Parks , President and CMO, Parks Associates.
- "High interest rates are a key factor in this drop, so the industry will need to work to show the ROI and explain the value of new technologies.
- Throughout CONNECTIONS™, sessions will highlight Parks Associates research and the role of energy in the growth of the connected home.