Providing market intelligence for more than 35 years

Home Toys News

EcoFactor Debuts Residential HVAC Performance Monitoring Service

The results of the trial support the widely-held belief in the HVAC industry that millions of American homes have problems with their heating and cooling systems that go undetected - problems that represent big opportunities to save both energy and money. More significant was the finding that many of these issues can be accurately recognized through data analytics. EcoFactor discovered that six percent of all households in the trial had HVAC system problems that wasted energy and often compromised comfort as well. Furthermore, 68 percent of consumers who experienced issues were unaware that there was a problem. Many of the issues uncovered by EcoFactor's HPM service would likely have resulted in catastrophic equipment failure possibly costing thousands of dollars to fix if left untreated.

"HVAC dealers will line up for this service because it enhances the value of their HVAC service contracts and lowers customer acquisition costs. In addition, keeping a product running at peak efficiency over its lifetime provides pervasive savings, making it ideally suited for utility energy efficiency incentives. Many utilities are in the process of integrating fault detection into their energy efficiency programs," says Tom Kerber, Director of Research at Parks Associates.

From the article, "EcoFactor Debuts Residential HVAC Performance Monitoring Service." 

Previously In The News

Can "The Avengers" Save 3D TV?

The record-breaking box office success of "The Avengers," in large part due to higher-priced 3D tickets, will increase consumer demand for access to 3D movies at home, according to analysts at Park...

Verizon to Present on TV Everywhere and the Connected Home at CONNECTIONS™ at TIA 2012

Parks Associates announced today Maitreyi Krishnaswamy, Director, Video Services Product Development and Management, Verizon, is participating as a speaker at the upcoming CONNECTIONS™ at TIA, June...

Telefónica, Orange, and Swisscom to address digital home services at CONNECTIONS™ Europe

Parks Associates today announced the early sponsors and preliminary agenda for CONNECTIONS™ Europe: Monetizing the Digital Home, 13-14 November at theCrowne Plaza South in Amsterdam. The executive...

Parks Associates Predicts Expanded Adoption for Personal Health Records Due to $19 Billion Government Incentive

This new industry report from international research firm Parks Associates notes that the $19 billion financial incentive from the U.S. federal government designed to promote EMR adoption includes...