Parks Associates: Zero Net Energy Home Construction Increases 75% From 2016 to 2017

New industry report examines energy-efficiency investments by builders

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Jun 28, 2018, 07:59 ET

DALLAS, June 28, 2018 /PRNewswire/ -- A new industry report from international research firm Parks Associates shows that construction of zero net energy (ZNE) homes increased by 75% from 2016 to 2017. According to Home Energy Management: Road to Net Zero, this growth aligns with increases in expressed consumer demand, as Parks Associates' consumer segmentation regarding energy efficiency estimates 42% of all U.S. consumers classify as energy-efficient techies.

Parks Associates: Perceived High Value of Energy Products

"California currently represents one-half of all net zero energy homes built in the U.S. The state has bold goals for all residential new construction to achieve ZNE by 2020," said Denise Ernst, Senior Analyst, Parks Associates. "Other states have also adopted a similar top-down approach to incentivize ZNE adoption, but low energy costs are a barrier to generating ZNE demand. Parks Associates research shows one-third of homeowners report having a monthly electricity bill less than $100, so while many households recognize the value of ZNE, the immediate financial incentives are not there yet."

Parks Associates research reveals that distributed energy generation solutions continue to gain adoption and awareness. More than one-third of U.S. broadband households consider residential battery storage to store excess power to be very valuable, and 37% consider solar heating panels to be very valuable.

"Near-zero and zero-ready homes create more choice for consumers—Meritage Homes offered its first ZNE home six years ago to differentiate itself during the housing downturn," Ernst said. "Federal tax credits and utility incentives can help drive adoption of energy-efficient solutions, and the product manufacturers, trade associations, and local suppliers can work together to drive awareness among builders about innovative solutions. Market opportunities also exist for high-efficiency appliances, home energy management equipment, and smart home energy products and service providers to fill the gaps in household efficiency."

Home Energy Management: Road to Net Zero outlines home energy management opportunities, including strategies for solar industry players to expand their offerings. It provides an overview of cost effectiveness evaluations being made by builders and the tradeoffs associated with different energy-efficiency investments. Additional research from the report shows:

Four out of five home owners believe that having an energy-efficient home is important or very important.
According to Parks Associates consumer survey data, requiring enrollment in a DR program as a condition of accepting a rebate for higher efficiency products reduces purchase intention by 50%.

For more information about Parks Associates' research, contact [email protected]. To schedule an interview with an analyst or to request specific data, contact Julia Homier at [email protected], 972-996-0214.

About Parks Associates

Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.

The company's expertise includes digital media and platforms, entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, support services, consumer apps, advanced advertising, consumer electronics, energy management, and home control systems and security.

Each year, Parks Associates hosts industry webcasts, the CONNECTIONS™ Conference Series, Connected Health Summit: Engaging Consumers, and Smart Energy Summit: Engaging the Consumer. http://www.parksassociates.com

Contact:
Julia Homier
Parks Associates
972.996.0214
[email protected]

SOURCE Parks Associates