Safety Over Savings: Canadians Prioritize Electrical Upgrades for Security, Schneider Survey Finds
Event summary
- 44% of Canadian homeowners planning electrical upgrades cite safety as the primary driver, per Schneider Electric's survey of 1,007 homeowners.
- 52% of respondents prioritize long-term energy savings over upfront costs for home improvements.
- 65% say rebates or tax credits would incentivize energy-efficient electrical upgrades.
- 10% of homeowners are considering electrification projects (solar, battery, EV charging) within two years.
The big picture
Schneider Electric's findings highlight a strategic shift in Canadian homeowners' priorities, where safety concerns outweigh cost savings in driving electrical upgrades. This trend aligns with broader industry movements toward home electrification and smart energy management, as households adapt to higher electrical demands from EVs, renewable energy systems, and smart home technologies. The survey underscores the growing importance of safety and long-term efficiency in consumer decision-making, positioning Schneider Electric to capitalize on demand for upgraded electrical infrastructure.
What we're watching
- Regulatory Incentives
- Whether government rebates or tax credits accelerate adoption of energy-efficient upgrades.
- Market Demand
- The pace at which homeowners integrate EV chargers, heat pumps, and solar systems.
- Safety Compliance
- How electrical system upgrades evolve to meet evolving household energy needs.