Energy Technologies Are Being Integrated into New Build Residential Developments
New policies, technologies, and changing customer behavior are expected to drive value to homeowners and the energy ecosystem
A new report from Navigant Research examines how regulators, homebuilders, energy suppliers, and OEMs can together address residential energy needs with new technologies and business models. The report provides strategies to ensure new builds meet the highest environmental criteria while bringing value to both the homeowner and the energy ecosystem.
Traditionally, home builders have seen energy technologies as a sunk cost needed to comply with customer needs or, in the best case, as luxury items to add to the perceived value of a property. Click to tweet: According to a new report from @NavigantRSRCH, a combination of policies reducing the environmental footprint of housing, promoting technology development, and changing customer behavior in favor of sustainable products is driving the integration of new energy technologies in new build residential developments.
“New builds offer the best potential to create sustainable housing, as the cost of integrating energy technologies at the planning stage of a property development scheme is significantly cheaper than doing so as a retrofit,” says Roberto Rodriguez Labastida, senior research analyst with Navigant Research. “Also, new residential developments can be further optimized, taking advantage of the deferent behavior patterns of its inhabitants and the needs of the local grid. This optimization can bring value to the new homeowners, homebuilders, and the grid while proving growth for vendors and systems integrators.”
For stakeholders looking to succeed in this space, Navigant Research recommends that regulators allow for experimentation through rule exemptions for specific projects, while systems integrators work to educate the market about energy integration opportunities. Vendors should build compatible technology solutions specifically for this market, and financial providers should consider energy bill cost and savings in their affordability calculations. Meanwhile, homebuilders and landlords should explore energy revenue streams from their developments.
The report, New Home Construction Energy Integration, discusses how these trends affect new home construction and how regulators, homebuilders, energy suppliers, and OEMs can together address residential energy needs with solutions that go beyond a single home installation. Stakeholders can adopt new technologies and business models to ensure new builds meet the highest environmental criteria while bringing value to both the homeowner and the energy ecosystem. The study focuses on the following emerging strategies: self-consumption, landlord to tenant energy services, and energy communities. It also looks at case studies that highlight successful approaches and barriers encountered by energy players employing these strategies. An executive summary of the report is available for free download on the Navigant Research website.
*The information contained in this press release concerning the report, New Home Construction Energy Integration, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant - a Guidehouse company undertakes any obligation to update any of the information contained in this press release or the report.