Wi-Fi Thermostat Trends Continue into 2017, with Understanding of Contractor Needs
Dec 14, 2016
Prices for high-end Wi-Fi thermostats have created a market dynamic where demand for the technology is only coming from those willing to pay a much higher price for each unit - including installation costs and other mark-ups.
Demand for Wi-Fi enabled thermostats is skyrocketing as consumers seek out the convenience of controlling home or office temperatures through their smart phones or tablets. This trend is being further fueled by the heavy marketing of sleek new models, like the Nest thermostat, that are now offered through electronics retailers.
However, HVAC contractors have yet to reap significant benefits. Despite the availability of quality Wi-Fi enabled products from leading thermostat manufacturers, a mere 10-15% of residential and light commercial installations involve such models. The primary objection: a wholesale price point that is 4-5 times the cost of a traditional thermostat.