Despite everything the U.S. Department of Energy, President Barack
Obama and common
sense say, energy efficiency just isn’t very sexy. Energy
management systems have fantastic rates of return — saving thousands, if
not millions. And Cash upfront for installation yields much lower
energy bills in the future. But energy management systems are still only
penetrating 14 percent of the potential market, according
to a new report from Pike Research
For context, energy management systems do not have to be elaborate. They can be as simple as installing efficient light bulbs, caulking windows, or adding installation. Or they can be as sophisticated as EcoFactor’s thermostat software that optimizes energy savings while automating heating and air conditioning.
One big obstacle to efficiency measures: winning over landlords. Most tenants pay their own electric bills, but renovations are still property owners’ responsibility. As a result, most buildings’ energy systems are antiquated, to be kind. Many tenants will find, if educated, that it is worth their while to pay for installation of home or commercial energy management systems themselves. This is another hurdle for system vendors: average consumers simply don’t know how much they could be saving.
To read the full, original article click on this link: Pike Research: Energy managment market still largely unexplored | VentureBeat
Author: Tom Slater
