Nest will provide 1 million thermostats to low-income homes as part of new Power Project
Nest announced the Power Project today, an initiative that the company says is meant to raise awareness about the burden that utilities like energy can place on low-income families. The average US household spends 3.5 percent of income on energy, but one in five families spends 20 percent or more on their bill, and that can lead to a real struggle and hard decisions when budgeting.
“We’re committed to installing one million energy- and money-saving thermostats in homes that need them most over the next five years by collaborating with energy companies, housing agencies like Fannie Mae, and non-profit organizations that are working to bring energy efficiency to everyone,” the company said in a press release.