Parks Associates: New White Paper Analyzes the Growing Demand and Benefits for Zero Net Energy (ZNE) Homes

Dallas, Texas, November 16, 2023 - Leading market research firm Parks Associates today released a new white paper, Building Net Zero Homes with Home Management Systems, highlighting changes in the energy landscape driving interest in Zero Net Energy (ZNE) homes and the role of smart tech in enhancing the integration and usage of these solutions. The research, released in partnership with Nice, addresses trends impacting consumers, builders, and integrators that are driving demand for ZNE solutions, with an overview of a recent ZNE project as part of the Build Show streaming service.

Current energy consumption in the US includes approximately 130 million residential and commercial buildings, responsible for consuming 39% of the nation's energy and a staggering 74% of the country’s electricity. Industry, government, and consumers are seeking ways to reduce energy. Parks Associates' research indicates that 91% of internet households are actively engaged in reducing energy consumption within their homes. Forty-eight percent report altering their behaviors, while 43% report doing recent home renovations to reduce their energy consumption.

“Smart devices and automation solutions compliment energy efficient construction and solar/storage systems in the aim to get to Net-Zero energy consumption,” said Jennifer Kent, VP, Research, Parks Associates. “Resident behavior is a big determining factor in achieving Net Zero, so technology that gives residents the data to monitor their usage and the controls to adjust, coordinate, or automate the appliances and systems in their homes is critical.”

Parks Associates' white paper outlines the components and processes involved in the construction of ZNE homes. It analyzes the role of smart and automated solutions in enabling ZNE functions and benefits and lists the benefits and implications of ZNE for builders, integrators, energy providers, and consumers.

“One of the core values of Nice is to go ‘Beyond Green’ and give back more to the environment than we take,” said Mark Owen Burson, Chief Marketing Officer at Nice North America. “Nice Home Management solutions enable us to share this value with our consumers. Our intelligent, energy management capabilities not only empower homeowners to monitor and reduce energy consumption but also provide them with personalized insights to optimize their living spaces. Imagine a home that helps you save on energy bills and adapts to your lifestyle preferences, creating a more comfortable and sustainable living environment. We believe in offering our consumers the unique experience of enjoying their spaces while actively contributing to a greener future.”

The white paper is available for download. For data or request to speak with an analyst, contact Mindi Sue at mindi.sue@parksassociates.com .

About Parks Associates

Parks Associates, a woman-founded and certified business, is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates provides business intelligence and research services through its proprietary methodologies developed over decades, including quarterly surveys of 10,000 internet households.

The company's expertise crosses many industries: home security and smart home, streaming video, broadband and pay-TV services, digital media and platforms, gaming, Wi-Fi and home networks, connected health, support, consumer electronics, home control systems, energy management, and tech solutions for the multi-dwelling (MDU), small-to-medium business (SMB), and commercial building markets. http://www.parksassociates.com

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