Page 59 - Green Builder May-June 2018 Issue
P. 59

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                               At ease. Different users of
                               energy-efficient products
                              react differently to common
                            terms and product types, with
                               consumers being the most
                                      receptive overall.
                     Cognition data reveals that across the   as important a purchase consideration as   yield monthly dividends (in the form of
                   country, consumer expectations, as well   location.                       cost savings) on an ongoing basis. In this
                   as  codes, will continue  to  ratchet  until     While insulation, windows, HVAC,   respect, consumers comprehend that first
                   we cross the threshold of net-zero energy   lighting, appliances and thermostats are   cost is not full cost. This is an important
                   and shift to net-positive energy (where   the top efficiency categories that consumers   transformation in the building industry
                   homes and buildings produce more     look for, the definition of energy efficiency   that has been held hostage for too long by a
                   energy than they use). Not surprisingly,   is expanding, and consumers now correlate   flawed price-per-square-foot metric that does
                   California is leading the charge in this area   efficiency with other key market drivers.   not include performance considerations or
                   with its recently approved code change    For example, solar is a growing factor in   long-term operating costs in the valuation
                   [https://bit.ly/2x7Qg0u] that, beginning in   the energy efficiency conversation, as early-  equation.
                   January 2020, will require all new homes   adopter and first-mover consumers connect   Cognition data reveals that, like with most
                   to achieve net-zero electricity. This will   energy usage and production. Consumers are   things, effective messaging about energy
                   be accomplished through a blend of solar   also now linking resiliency with efficiency.  efficiency depends on the audience profile.
                   and high-performance insulation, roofing,   Cognition research shows that quality and   Early-adopter and first-mover consumers
                   windows, doors, building envelope systems,   performance are the top purchase drivers   have a positive sentiment towards energy
                   appliances, lighting and mechanical systems.  for energy-efficient products, followed by   efficiency and want straight talk about the
                                                                                             spectrum of benefits that are delivered by
                                                                                             efficient products (environmental impact,
                                                                                             cost benefits, durability and so forth).
                                                                                                 Mainstream  consumers  need  a  little
                                                                                             more storytelling—they resonate better
                                                                                             with terms like comfort, saving money and
                                                                                             enhanced resale value.
                                                                                               Energy efficiency-related brands that
                                                                                             rank the highest in Cognition’s positioning
                                                                                             analysis include Bosch,  Trane, Rheem,
                                                                                             Andersen, Nest, Philips and Owens Corning.
                                                                                               It’s a good thing that these major brands
                                                                                             and many others continue to strengthen
                                                                                             their  energy efficiency  offerings and
                                                                                             messages, because there is no way that
                                                                                             we can tackle climate change and carbon
                   Buyer’s choice. Consumers now consider quality as their No. 1 reason for buying an energy-efficient
                   product, well ahead of traditional drivers such as cost and brand familiarity.   emissions without a robust spectrum of
                                                                                             solutions that address efficiency in the built
                     Cognition market intelligence indicates   price and warranty. Considerations such as   environment. GB
                   that, from coast to coast, energy efficiency   appearance/aesthetics, innovative design
                   is a top decision-making factor when   and brand awareness fall farther down the   For more information, visit
                   purchasing a home. In many markets, a   list.                             www.greenbuildermedia.com/cognition.
                   growing number of consumers claim that   While cost is a significant decision-driver,   To learn more about how our market
                   they won’t even consider buying a home   it is considered less important by consumers   intelligence services can help your business,
                   if it doesn’t have energy-efficient products.   who understand that efficient products may   email Sara Gutterman at
                   In fact, they say that efficiency has become   require a larger upfront investment but will   sara.gutterman@greenbuildermedia.com.

                   www.greenbuildermedia.com                                                       May/June 2018 GREEN BUILDER  57




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