Introducing ecobee’s Newest Pro-Exclusive Smart Thermostat: ecobee Smart Thermostat Lite

Rhea-AI Summary

ecobee, a subsidiary of Generac Power Systems (NYSE: GNRC), has launched the ecobee Smart Thermostat Lite, available exclusively through Pro distribution channels. This new thermostat is designed with professional installers in mind, offering easy installation, durability, and hardwired reliability. Key features include:

- Compatibility with most HVAC systems, including multi-stage and dual-fuel systems
- Support for accessories like humidifiers, dehumidifiers, and ventilators
- ENERGY STAR® certification with potential energy bill savings of up to 23%
- Automatic adjustment to fit routines for optimized comfort and energy savings
- Integration with popular smart home systems
- Pro PIN registration for ongoing customer connection

The ecobee Smart Thermostat Lite and Power Extender Kit are now available to professionals through distributors, backed by a 5-year warranty and dedicated Pro support.

Positive

• Exclusive product for professional installers, potentially increasing brand loyalty
• Compatibility with a wide range of HVAC systems, expanding market reach
• ENERGY STAR® certification, offering potential energy savings of up to 23%
• Integration with popular smart home systems, enhancing product appeal
• 5-year warranty and dedicated Pro support, potentially improving customer satisfaction

Negative

• None.

Insights

HVAC Industry Expert

The ecobee Smart Thermostat Lite represents a significant product launch in the HVAC control market. Its pro-exclusive distribution strategy could strengthen Generac's position in the professional installation channel. Key features like hardwired reliability, multi-stage system compatibility and integration with popular smart home platforms address common pain points for contractors and homeowners.

The focus on easy installation and energy savings (up to 23%) could drive adoption among cost-conscious consumers and efficiency-focused contractors. The Pro PIN feature for ongoing customer connection is an innovative touch that may improve contractor loyalty to the ecobee brand.

While this product launch is positive for Generac's ecobee subsidiary, its overall impact on Generac's $10.36 billion market cap may be in the short term. Long-term success will depend on market penetration and how well it complements Generac's core power generation business.

Market Research Analyst

This product launch aligns with growing trends in smart home technology and energy efficiency. The ecobee Smart Thermostat Lite's ENERGY STAR certification and potential for significant energy savings could resonate well in a market increasingly focused on sustainability and cost reduction.

The pro-exclusive distribution model is a strategic move that could help Generac strengthen relationships with HVAC professionals, potentially leading to increased brand loyalty and market share in the competitive smart thermostat space. However, limiting availability to professional channels may slow consumer adoption compared to retail-available competitors.

Generac's expansion in the smart home sector through ecobee diversifies its revenue streams beyond traditional power systems. This could provide some insulation against cyclical fluctuations in its core business, though the impact on overall financials may take time to materialize significantly.

Hardwired for reliability and built to last, the ecobee Smart Thermostat Lite is designed with the contractor in mind

TORONTO--(BUSINESS WIRE)-- ecobee, a subsidiary of Generac Power Systems (NYSE: GNRC), today announced the new ecobee Smart Thermostat Lite, available exclusively through Pro distribution channels. Designed with input from professionals, the ecobee Smart Thermostat Lite is easy to install, straightforward to use, durable and hardwired for enhanced reliability, eliminating the need for charging or a secondary power source.

The ecobee Smart Thermostat Lite allows professionals to save valuable time and move on to their next job even faster. (Photo: Business Wire)

With the ecobee Smart Thermostat Lite, installation is seamless, allowing professionals to save valuable time and move on to their next job even faster. The ecobee Smart Thermostat Lite is compatible with most HVAC systems, including multi-stage systems with up to four-stage heating and two-stage cooling (4H/2C), radiant heating systems, and dual-fuel systems. It also supports individual accessories like a humidifier, dehumidifier and ventilator, providing comprehensive control for enhanced comfort. For systems without a C-wire, the Smart Thermostat Lite easily adapts to most systems using the ecobee Power Extender Kit (sold separately). ecobee Smart Thermostat Lite is built to last and supports free over-the-air software updates so pros can rest assured their customers will get the latest updates for years to come.

Like other ecobee smart thermostats, the Smart Thermostat Lite is ENERGY STAR® certified and designed to save consumers up to 23%* on energy bills, making it a great choice for those looking for long-lasting energy savings. Customers will appreciate the Smart Thermostat Lite’s ability to automatically adjust to fit one’s routines — whether away, home, or sleeping — optimizing energy savings and comfort. Its intuitive touch-screen interface and simple design make it accessible for anyone to control their home comfort. Customers can also conveniently control the Smart Thermostat Lite on their Android or iOS mobile devices. Simply download the ecobee app, the top-rated smart thermostat app in both Apple and Google app stores. ecobee Smart Thermostat Lite seamlessly integrates with many popular smart home systems including Apple HomeKit, Google Assistant, Amazon Alexa and Alarm.com.

"The ecobee Smart Thermostat Lite combines valuable insights from HVAC professionals and customers spanning multiple generations of ecobee smart thermostats,” said Bryan Hurren, VP, Product & Design at ecobee. "We've focused on not only making it a simple to install and reliable choice for professional installers but also an ideal, easy-to-use solution for our mutual customers. ecobee’s commitment to getting the job done right has made us a preferred choice among distributors, contractors, and our over 60,000 trained professionals across North America."

Contractors can stay connected with customers by registering the newly installed Smart Thermostat Lite with a Pro PIN. A Pro PIN is a simple numeric code assigned to qualified ecobee contractors and entered on the device during installation. This enables the thermostat to display contractor contact information on the screen, along with email notifications whenever support is needed, long after the installation is complete. ecobee provides a dedicated Pro support line for quick and reliable assistance when needed and backs professionally installed products with an industry leading 5-year warranty.

Starting today, the ecobee Smart Thermostat Lite and ecobee Power Extender Kit (PEK) are available to professionals through their preferred distributor. To learn more, visit http://ecobee.com/pro.

*Compared to a hold of 72°F/22°C. Actual savings will vary depending on several factors including season, climate zone, and rate structure.

About ecobee
ecobee Inc. was founded in 2007 with a mission to improve everyday life while creating a more sustainable world. Since launching the world’s first smart thermostat in 2009, ecobee has helped customers across North America save nearly 28 TWh of energy, which is the equivalent of taking all the homes in Los Angeles and Chicago off the grid for a year. Today, ecobee continues to innovate with smart home solutions that solve everyday problems with comfort, security, and conservation in mind. With ecobee’s devices and services, ecobee continues to encourage Smart Owners to imagine what home could be. In 2021, ecobee joined Generac Holdings Inc. (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions, and other power products. Generac and ecobee share a vision to deliver a cleaner and more sustainable energy future for customers and communities. The Generac and ecobee home of the future will be more comfortable, secure, resilient, and efficient. For more information, visit ecobee.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241015863803/en/

Sam Evans

press@ecobee.com

Source: ecobee

FAQ

What is the new product launched by ecobee, a subsidiary of Generac Power Systems (NYSE: GNRC)?

ecobee has launched the ecobee Smart Thermostat Lite, a new pro-exclusive smart thermostat designed for professional installers.

What are the key features of the ecobee Smart Thermostat Lite (NYSE: GNRC)?

Key features include compatibility with most HVAC systems, support for accessories, ENERGY STAR® certification, automatic adjustments, smart home integration, and Pro PIN registration for ongoing customer connection.

How much can customers save on energy bills with the ecobee Smart Thermostat Lite (NYSE: GNRC)?

The ecobee Smart Thermostat Lite is designed to save consumers up to 23% on energy bills, according to the press release.

What warranty does ecobee offer for the professionally installed Smart Thermostat Lite (NYSE: GNRC)?

ecobee backs professionally installed products, including the Smart Thermostat Lite, with an industry-leading 5-year warranty.