Adoption of smart thermostats increased to 16 percent by the end of 2022, as 62 percent of U.S. internet households say their electricity costs are too high, according to Parks Associates. 

In a new white paper released in partnership with Resideo, Parks Associates examines practical solutions and the latest advancements in smart home technology that contribute to energy management. Examples include smart blinds that adjust automatically to optimize natural light, smart lighting systems that respond to occupancy, and intelligent electrical panels that allow for precise control over home energy usage.