What's truly needed to accelerate adoption of better home energy products?
đâSolar, heat pumps, battery storage, energy management systems, EV charing⊠Home energy tech has never been more primed for mass scale.
What's truly needed to accelerate adoption? Here's my top 3, backed by Pacific Northwest National Laboratory's awesome recent data.
1ïžâŁ đž Lower upfront cost
đĄ Point of sale rebates â For costly fixed infrastructure, itâs essential. Financing is great, but 1 in 4 see loans as a negative when considering home upgrades.
đĄ Affordable entry points â We need low cost starting points that support scaling up over time based on household needs/budget.
đĄ Better bundling â Combine upgrades to improve unit economics by (ideally) reducing soft costs and cognitive burden. The catch: Project management can't fall on the shoulders of the homeowner!
đĄ Self-install â This ranked #2 overall for most regions. It begs the question, why? Fewer perceived hidden costs?
2ïžâŁ đ€© Value thatâs directly perceptible
đĄ Itâs all about better quality of living â Comfort, Safety, Aesthetics, Savings, Resilience. Nail these 5.
đĄ PNNL found âmore homeowners and renters changed visible, interactive technologies compared to behind-the-scenes technologies,â meanwhile 30% said âunclear cost/benefitâ was a barrier to change.
đĄ Remember, Comfort >> Climate! âComfort/safety for pets/children is the most important decision making factor for home modifications.â
3ïžâŁ đ€ Trust is king
đĄ Value >> Cost alone â Thereâs a clear theme across ownersâ & rentersâ top decision factors: âDurable and can repairâ âSafety certifiedâ âLow maintenance costâ
đĄ The #1 consideration surprised me: âSold at a big box storeâ. In a world of hyper-convenient online retail, my gut says this is less about convenience as it is trust.
đĄ Friends/Family top the charts as source of information for home improvements. Sorry manufacturers, contractors and service providers.. your opinion ranks low for most households :)
đ„ Trustworthy products that deliver visible, immediate, persistent value win. Clear that bar, and thereâs massive potential for viral word-of-mouth adoption.