The viability of smart panels: Assessing the current and future solutions for home energy management Report

Insight 15 February 2024

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Report summary

This report analyses the product and commercial landscape of home energy management solutions, including smart panels, smart subpanels, home energy monitors and other retrofit solutions. The cost of these technologies is evaluated against a quantification of their value propositions, in light of federal and utility incentives, technical capabilities and electrical code changes. Analysis of the commercial landscape includes partnerships, sales channels, technical integrations and strategic investment. The long-term viability of smart panels is ultimately evaluated in light of the coming deployment of AMI 2.0 and increased DER and appliance connectivity.

Value propositions
Product landscape
Incentives and pilots
Commercial landscape
AMI 2.0 and future viability
Appendix

Tables and charts

Share of heat pump and HPWH installs in California requiring a panel upgrade
Penetration of electric heating in 2023
Market size of avoided panel upgrades
Annual savings from home energy management (HEM) under residential time-of-use rates
Cost of leading HEM solutions
Combining HEEHRA with tax incentives (25C or 25D)
California utility and municipal panel upgrade incentives
Smart panel pilots
Disclosed investment and strategic investors in HEM startups
Current top markets for smart (sub)panels and energy monitors
Partnerships between HEM solution providers and AMI 2.0 providers
Potential "AMI 2.0 + Control" architecture