Nest will give away smart thermostats to low-income families

Angelo Anderson
April 20, 2018

Nest is pitching in for Earth Day.

A Nest Thermostat E probably isn't going to the factor that helps an American rocket from the lowest income percentile to the highest - but it can be a family's first steps towards gaining financial freedom that can lead to re-investment and job growth in low-income areas. The soon-to-be Google division highlights how there are vast discrepancies in energy bill costs across American households.

The drive is part of a new initiative called The Power Project that hopes to reduce the amount lower-income families spend on their energy bills which, according to Nest's research, can be as high as 20% of their monthly income. To do this, the company will work with various lenders, government programs, utility companies and non-profits, including Habitat for Humanity, Fannie Mae and Southern California Gas.

Nest has committed to installing one million of its smart thermostats at little or no cost to low-income homes over the next five years.

There are 35 million households that struggle to pay their energy bill, with low-income ones spending three times more of their monthly wages to heat or cool homes than others.

As well, Nest says it is partnering with Habitat for Humanity; it'll donate a Nest Thermostat E for installation in every home the charity builds in the USA this year. In addition, thermostat sales that take place between April 16 and April 30 will have 10-percent of the proceeds donated to charities like Habitat.

Now through May 31, RMP customers can get up to two $50 instant coupons toward a new smart thermostat from Nest or ecobee*. Because we believe everyone deserves warmth in the winter and lights in the dark.

Company Nest has announced the beginning of the "Energy project". Nest is matching donations made through this site by $250,000.

Other reports by Iphone Fresh

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