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Americans are willing to pay an average one-time price of $48 for the advantages of Smart Grid service and $13 for a monthly service. Individuals classified as “green elites,” however, would be willing to pay more — $70 for a one-time fee and $36 a month. That’s the finding of a recent Internet survey conducted by Burson-Marsteller and Penn, Schoen, and Berland Associates, LLC. The findings suggest utility companies may not be able to count on much customer support for the cost of smart meters or home energy management devices.
Quick Take: We think many utilities are going to have to subsidize the full price of the in-home energy monitors and recover it gradually in their rates. If the whole energy efficiency movement has to wait until everyone in the USA goes out and buys, installs, and uses an energy management monitor, it just won’t happen. Some companies, like Control4, are trying to make the product sexier for the average consumer. But even they are hoping to get utility subsidies for their in-home displays. See the link below for our analysis of Control4.
Presentation slides for Green Power Progress survey
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