ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Homeowners not leveraging available technology to reduce energy costs and emissions, says report from Schneider Electric

Rueil-Malmaison, France, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Schneider Electric, the leader in the digital transformation of energy management and automation, today released the third edition of its consumer survey in a white paper titled Evolving home energy consumption: Intentions, actions and hurdles to greater home energy efficiency. It surveyed 13,000 people from 11 countries across the world uncovering global attitudes toward household energy efficiency, sustainability and smart home technology.

Gap between awareness and action

Home energy consumption is the main driver of home emissions and has increased steadily over recent years with the spread of energy-consuming devices and appliances. This trend, coupled with skyrocketing energy costs and dramatic real-life impacts of climate change, has driven awareness of home energy consumption.

Given this, the report focuses on behaviors, barriers and readiness to adopt energy-saving solutions. Notably, this year’s results highlight a wide gap between awareness and action. 82% of respondents consider energy efficiency "somewhat important" or "very important," whilst 84% said energy efficiency is the top desired home improvement, and 70% responded that reducing their carbon footprint is ‘important’ to them.

However, only a few are taking the most impactful actions to reduce their energy consumption; just 44% regularly adjust their ambient temperatures, despite this being one of the highest-impact actions. At the same time, 58% of homeowners turn off lights as their primary strategy for saving energy, while lighting only comprising around 5% of electricity bills. The second-most popular method, unplugging unused chargers (48%), also has minimal impact — saving only $0.26 per charger annually.

Home energy technology

The report reveals another overemphasis on lighting when it comes to the types of home energy technology consumers have in their homes, with 52% of consumers believing that smart lighting enhances energy efficiency. While 24% own smart lighting, only 21% have a smart thermostat, with less than half (46%) acknowledging its energy-saving benefits, despite evidence showing it could reduce bills by up to 30% annually. 

For the first time, the survey explored attitudes toward artificial intelligence (AI). Despite predictions that AI and automation could help mitigate up to 10% of global GHG emissions, 44% of respondents said they would never rely on AI for household tasks, 35% don’t fully understand it, and 41% want to actively avoid it. In addition, 52% believe smart home technology is too expensive, even though connected homes can achieve energy savings of up to 22%.

The survey also shows an awareness gap for more traditional home technology: 30% of respondents don’t know what their electrical panel does, and 16% don’t know its location. The electrical panel is at the heart of the home’s power system and acts as the gatekeeper for ensuring the safety of electrical devices and appliances, therefore this lack of knowledge poses potential serious safety risks if the condition of the panel is ignored as homes become more electrified.

“Consumers want to reduce their energy bill, increase their energy reliability and increase energy efficiency in their homes. Yet, there exists a gap between intention and action. The technology to enhance home energy efficiency exists today but there is a lack of awareness of the most impactful ways to deploy it,” said Michael Lotfy Gierges, Executive Vice President of Home & Distribution at Schneider Electric. “Through greater electrification and digitalization, home energy use can be better measured, controlled and transitioned to more renewable sources.”

To download the full Schneider Electric Home & Distribution 2024 Consumer Survey Report, please visit: https://www.se.com/ww/en/insights/electricity-4-0/electrification/evolving-home-energy-consumption/

Attachment


Global PR Central Team 
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.