Honeywell Enhances Home Energy Assessments, Maximizes Energy Savings for Utilities

MINNEAPOLIS, Dec. 11, 2012 – Honeywell (NYSE:HON) today announced it is enhancing the home energy assessment programs the company designs and manages for utilities with new software that will help drive additional savings for homeowners, and make it easier and more cost effective for utilities to meet their efficiency goals. The Honeywell Residential Energy Assessment Tool will support a range of programs, from basic walk-through assessments to diagnostics-driven home performance reviews.

The new tool makes the home assessment process more interactive by allowing technicians to share results onsite and in real time, which helps homeowners better understand the benefits of energy efficiency, and encourages them to make more of the recommended upgrades. In addition, the software can generate hardcopy reports that detail the findings and automatically generate work orders for any improvements the customer selects. And it can connect homeowners with local contractors that can complete the work, and identify available rebates or incentives.

Utilities, in turn, can monitor activity and track outcomes at the home or program level. As a result, they are better able to measure the impact of home assessments, and maximize the investment in their energy-efficiency efforts.

The Residential Energy Assessment Tool will supplement Honeywell’s experience helping utilities manage the demand for electricity and natural gas, which spans more than three decades and includes the completion of more than 4 million residential assessments.

“Research shows customers are more likely to make efficiency improvements if they have a thorough understanding of the options and can immediately act on the information,” said Jeremy Eaton, vice president and general manager of Honeywell Smart Grid Solutions. “This approach turns the technician into a consultant who can help customers make educated energy and home-improvement decisions. The end result is improved satisfaction and more savings for the utility.”

For in-home assessments, the software provides in-depth reports for customers that list tailored efficiency opportunities (e.g., tuning air conditioners, adding insulation, etc.), available utility rebates and incentives, savings and payback calculations for the suggested improvements, and educational tips. Having this level of detail helps homeowners weigh the potential energy savings against the investment required. Customers also have the ability to access all of the data online, including energy use and carbon footprint comparisons for similarly sized homes in the program, and link to specialty contractors.

Because of the software’s flexibility, utilities can use it to gather and verify data for assessment programs of almost any size and scope. This benefits utilities that offer a range of services and also supports programs as they evolve, ensuring consistent results and reporting.

“Having assessed millions of properties, Honeywell has a unique understanding of how homeowners can cut energy consumption and costs,” said Paul Orzeske, president of Honeywell Building Solutions. “By revamping the tools that support this work, we can better tap into that expertise, and pass the knowledge on to utilities and their customers. More than 50 percent of our offerings help drive energy savings, and we’re constantly looking to add to this portfolio.”

Honeywell will immediately integrate the Residential Energy Assessment Tool into its energy-efficiency services for utilities. Along with supplying technicians and tools, Honeywell designs, manages and promotes these programs, including turnkey recruitment, training and management of local contractors that install various efficiency measures.

The company’s legacy of working with utilities and their customers provides a unique perspective on how to quickly realize the benefits of the evolving grid. With controls in more than 150 million homes, 10 million buildings and thousands of industrial sites across the globe, and experience managing DR and energy-efficiency programs for more than 100 utilities, Honeywell has the offerings and experience to empower smart energy users.

For more information on Honeywell Smart Grid Solutions, visit its website or follow HoneywellGrid on Twitter.


Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
 
This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.
 
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Contact Information

Aaron Parker

Public Relations Manager

Honeywell

(1) (763) 954-4257

aaron.parker@honeywell.com