29% Plan To Buy Smart Thermostats This Year: Study

Nearly a third of U.S. broadband households plan to purchase a smart thermostat in 2020, according to a new study by Parks Associates.

While 13% of broadband households currently own a smart thermostat, 29% more plan to purchase one this year, according to Parks.

Consumers also are showing interest in automated energy programs, with 42% of smart thermostat owners saying they would allow a utility to adjust their device in order to save energy.

"Consumer awareness and familiarity regarding energy management solutions, programs and tools, including time-of-use, tiered pricing and energy monitoring products, increased over the past year," stated Patrice Samuels, senior analyst, Parks Associates. "This can be partly attributed to utility marketing programs and co-marketing efforts with smart home product manufacturers."

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