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

Jan 30, 2025 - financialpost.com
A report by Schneider Electric highlights a significant gap between awareness and action regarding home energy efficiency. Although 70% of survey respondents acknowledge the importance of reducing their carbon footprint, many rely on small-scale solutions like turning off lights, which only account for 5% of energy bills. More impactful actions, such as adjusting ambient temperatures, are less commonly adopted, with only 44% of respondents doing so regularly. The survey, which included 13,000 people from 11 countries, reveals that while 82% consider energy efficiency important, only a few take substantial steps to reduce energy consumption.

The report also uncovers misconceptions about home energy technology, with 52% of consumers believing smart lighting enhances energy efficiency, yet only 21% own a smart thermostat, which could reduce bills by up to 30% annually. Additionally, there is skepticism about artificial intelligence, with 44% of respondents unwilling to rely on it for household tasks. The survey indicates a lack of awareness about traditional home technology, such as electrical panels, posing potential safety risks. Schneider Electric emphasizes the need for greater electrification and digitalization to improve home energy efficiency and transition to renewable sources.

Key takeaways:

  • Although 70% of survey respondents recognize the importance of reducing their carbon footprint, many are still opting for small-scale solutions like turning off lights, which accounts for just 5% of average energy bills.
  • 82% of respondents consider energy efficiency important, but only 44% regularly adjust their ambient temperatures, despite it being one of the highest-impact actions for energy savings.
  • There is a significant gap between awareness and action, with many homeowners not leveraging available technology like smart thermostats, which could reduce bills by up to 30% annually.
  • Despite predictions that AI could help mitigate up to 10% of global GHG emissions, 44% of respondents said they would never rely on AI for household tasks, and 52% believe smart home technology is too expensive.
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