Schneider Electric Partners with Arcadia Power to Bring Wiser Air Smart Thermostats to Consumers for $0 Down

- Industry-first program provides smart thermostats with no upfront cost

- Allows customers to own and pay for Wiser Air through energy savings gained over time through energy-efficient devices

- Leverages Arcadia Power's sophisticated utility billing platform

- Customers can reserve Wiser Air at http://learn.arcadiapower.com/wiserair/

News provided by

Schneider Electric

Jan 10, 2017, 09:40 ET

ANDOVER, Mass., Jan. 10, 2017 /PRNewswire/ -- Schneider Electric, the global specialist in energy management and automation, today announced a partnership with Arcadia Power, a nationwide energy-as-a-service company, to enable U.S. customers to outfit their homes with Schneider Electric's Wiser Air™ WiFi Smart Thermostat with no upfront cost. An industry-first for smart thermostats, the program enables customers nationwide to connect their local utility to Arcadia Power's sophisticated utility billing platform.

Through the partnership, after customers sign-up with Arcadia Power, Schneider Electric will send Wiser Air Smart Thermostats directly to customers' homes anywhere in the U.S. for $0-upfront. Arcadia Power will then manage the customer's monthly power bill, and its save-as-you-use program enables customers to pay for the thermostat with energy savings gained over time using the energy-efficient Wiser Air thermostat.

Wiser Air couples Schneider Electric's leading energy management expertise with intelligent design and state-of-the-art technology to provide consumers with a tool that effortlessly delivers energy efficient comfort. Its Eco IQ™ self-learning feature frees users from constantly having to enter desired temperature set points or create a schedule - a common requirement of most smart thermostats available online today - and only requires them to provide feedback when they're uncomfortable. Wiser Air has been shown to reduce energy costs by as much as 30 percent for users with its efficient, self-learning technology.

"Wiser Air is a leader in the home energy market for smart, easy-to-use solutions that help homeowners simplify energy efficiency," said Yann Kulp, Vice President of Residential Energy Solutions, Schneider Electric. "Through our program with Arcadia Power, we are able to make these smart thermostats available to customers in a cost-effective manner, and build on our commitment to delivering innovation at every level."

Arcadia Power partners with leading conservation groups like the Sierra Club to promote clean energy and energy efficiency for residential customers. Its utility billing platform provides customers across all 50 states with an easy way to manage utility bills and access wind energy, energy efficiency, and community solar programs.

"Thermostats are the energy 'brain' of the home, and with Wiser Air we can upgrade all customers at no cost to them," said Kiran Bhatraju, Founder and CEO of Arcadia Power. "Not only will customers have more control with the smart thermostat, but they'll save money over time. It takes just three minutes to make their home smart and efficient."

Schneider Electric and Arcadia Power are both working to incorporate bill-saving demand response and time-of-use programs into the $0 down thermostat offer. Through this partnership, the two companies continue to demonstrate their commitment to making environmentally friendly energy choices available to everyone.

For more information, please visit www.wiserair.com or http://learn.arcadiapower.com/wiserair/

About Schneider Electric

Schneider Electric is the global specialist in energy management and automation. With revenues of ~$30 billion in FY2015, our 160,000+ employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our connected technologies reshape industries, transform cities and enrich lives. At Schneider Electric, we call this Life Is On.

www.schneider-electric.com

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