The present invention provides a method for determining conditions of malfunction or inefficiency of HVAC systems, within a plurality of monitored households, in which there are no sensors for directly measuring the power consumption per specific HVAC. The said method comprise the steps of: a. monitoring the power consumption of a plurality of households; b. monitoring the concurrent environmental conditions at the location of the said plurality of households; c. analyzing each household's power consumption, and extracting weighted failure indications of inefficient or malfunctioning HVAC systems; d. determining the probability of various HVAC conditions of malfunction of inefficiency, according to the said weighted indicators; and e. emitting a an alert in relation to the said condition of HVAC malfunction of inefficiency, comprising at least one of: HVAC malfunction type, probability, probable cause, and suggested action.
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