diff --git a/esphome/components/absolute_humidity/absolute_humidity.cpp b/esphome/components/absolute_humidity/absolute_humidity.cpp
index 7ba3c5a1ab..2c5603ee3d 100644
--- a/esphome/components/absolute_humidity/absolute_humidity.cpp
+++ b/esphome/components/absolute_humidity/absolute_humidity.cpp
@@ -64,7 +64,7 @@ void AbsoluteHumidityComponent::loop() {
       ESP_LOGW(TAG, "No valid state from humidity sensor!");
     }
     this->publish_state(NAN);
-    this->status_set_warning("Unable to calculate absolute humidity.");
+    this->status_set_warning(LOG_STR("Unable to calculate absolute humidity."));
     return;
   }
 
diff --git a/esphome/components/aht10/aht10.cpp b/esphome/components/aht10/aht10.cpp
index 6202a27c42..53c712a7a7 100644
--- a/esphome/components/aht10/aht10.cpp
+++ b/esphome/components/aht10/aht10.cpp
@@ -96,7 +96,7 @@ void AHT10Component::read_data_() {
     ESP_LOGD(TAG, "Read attempt %d at %ums", this->read_count_, (unsigned) (millis() - this->start_time_));
   }
   if (this->read(data, 6) != i2c::ERROR_OK) {
-    this->status_set_warning("Read failed, will retry");
+    this->status_set_warning(LOG_STR("Read failed, will retry"));
     this->restart_read_();
     return;
   }
@@ -113,7 +113,7 @@ void AHT10Component::read_data_() {
     } else {
       ESP_LOGD(TAG, "Invalid humidity, retrying");
       if (this->write(AHT10_MEASURE_CMD, sizeof(AHT10_MEASURE_CMD)) != i2c::ERROR_OK) {
-        this->status_set_warning(ESP_LOG_MSG_COMM_FAIL);
+        this->status_set_warning(LOG_STR(ESP_LOG_MSG_COMM_FAIL));
       }
       this->restart_read_();
       return;
@@ -144,7 +144,7 @@ void AHT10Component::update() {
     return;
   this->start_time_ = millis();
   if (this->write(AHT10_MEASURE_CMD, sizeof(AHT10_MEASURE_CMD)) != i2c::ERROR_OK) {
-    this->status_set_warning(ESP_LOG_MSG_COMM_FAIL);
+    this->status_set_warning(LOG_STR(ESP_LOG_MSG_COMM_FAIL));
     return;
   }
   this->restart_read_();
diff --git a/esphome/components/axs15231/touchscreen/axs15231_touchscreen.cpp b/esphome/components/axs15231/touchscreen/axs15231_touchscreen.cpp
index 6304516164..ab3f1dad4f 100644
--- a/esphome/components/axs15231/touchscreen/axs15231_touchscreen.cpp
+++ b/esphome/components/axs15231/touchscreen/axs15231_touchscreen.cpp
@@ -12,7 +12,7 @@ constexpr static const uint8_t AXS_READ_TOUCHPAD[11] = {0xb5, 0xab, 0xa5, 0x5a,
 
 #define ERROR_CHECK(err) \
   if ((err) != i2c::ERROR_OK) { \
-    this->status_set_warning("Failed to communicate"); \
+    this->status_set_warning(LOG_STR("Failed to communicate")); \
     return; \
   }
 
diff --git a/esphome/components/bl0942/bl0942.cpp b/esphome/components/bl0942/bl0942.cpp
index 86eff57147..894fcbfbb7 100644
--- a/esphome/components/bl0942/bl0942.cpp
+++ b/esphome/components/bl0942/bl0942.cpp
@@ -149,7 +149,7 @@ void BL0942::setup() {
   this->write_reg_(BL0942_REG_USR_WRPROT, 0);
 
   if (this->read_reg_(BL0942_REG_MODE) != mode)
-    this->status_set_warning("BL0942 setup failed!");
+    this->status_set_warning(LOG_STR("BL0942 setup failed!"));
 
   this->flush();
 }
diff --git a/esphome/components/dallas_temp/dallas_temp.cpp b/esphome/components/dallas_temp/dallas_temp.cpp
index 5cd6063893..a518c96489 100644
--- a/esphome/components/dallas_temp/dallas_temp.cpp
+++ b/esphome/components/dallas_temp/dallas_temp.cpp
@@ -64,7 +64,7 @@ bool DallasTemperatureSensor::read_scratch_pad_() {
     }
   } else {
     ESP_LOGW(TAG, "'%s' - reading scratch pad failed bus reset", this->get_name().c_str());
-    this->status_set_warning("bus reset failed");
+    this->status_set_warning(LOG_STR("bus reset failed"));
   }
   return success;
 }
@@ -124,7 +124,7 @@ bool DallasTemperatureSensor::check_scratch_pad_() {
             crc8(this->scratch_pad_, 8));
 #endif
   if (!chksum_validity) {
-    this->status_set_warning("scratch pad checksum invalid");
+    this->status_set_warning(LOG_STR("scratch pad checksum invalid"));
     ESP_LOGD(TAG, "Scratch pad: %02X.%02X.%02X.%02X.%02X.%02X.%02X.%02X.%02X (%02X)", this->scratch_pad_[0],
              this->scratch_pad_[1], this->scratch_pad_[2], this->scratch_pad_[3], this->scratch_pad_[4],
              this->scratch_pad_[5], this->scratch_pad_[6], this->scratch_pad_[7], this->scratch_pad_[8],
diff --git a/esphome/components/ethernet/ethernet_component.cpp b/esphome/components/ethernet/ethernet_component.cpp
index 87913488da..844a30bd8b 100644
--- a/esphome/components/ethernet/ethernet_component.cpp
+++ b/esphome/components/ethernet/ethernet_component.cpp
@@ -492,7 +492,7 @@ void EthernetComponent::start_connect_() {
   global_eth_component->ipv6_count_ = 0;
 #endif /* USE_NETWORK_IPV6 */
   this->connect_begin_ = millis();
-  this->status_set_warning("waiting for IP configuration");
+  this->status_set_warning(LOG_STR("waiting for IP configuration"));
 
   esp_err_t err;
   err = esp_netif_set_hostname(this->eth_netif_, App.get_name().c_str());
diff --git a/esphome/components/gdk101/gdk101.cpp b/esphome/components/gdk101/gdk101.cpp
index 096b06917a..4c156ab24b 100644
--- a/esphome/components/gdk101/gdk101.cpp
+++ b/esphome/components/gdk101/gdk101.cpp
@@ -11,22 +11,22 @@ static const uint8_t NUMBER_OF_READ_RETRIES = 5;
 void GDK101Component::update() {
   uint8_t data[2];
   if (!this->read_dose_1m_(data)) {
-    this->status_set_warning("Failed to read dose 1m");
+    this->status_set_warning(LOG_STR("Failed to read dose 1m"));
     return;
   }
 
   if (!this->read_dose_10m_(data)) {
-    this->status_set_warning("Failed to read dose 10m");
+    this->status_set_warning(LOG_STR("Failed to read dose 10m"));
     return;
   }
 
   if (!this->read_status_(data)) {
-    this->status_set_warning("Failed to read status");
+    this->status_set_warning(LOG_STR("Failed to read status"));
     return;
   }
 
   if (!this->read_measurement_duration_(data)) {
-    this->status_set_warning("Failed to read measurement duration");
+    this->status_set_warning(LOG_STR("Failed to read measurement duration"));
     return;
   }
   this->status_clear_warning();
diff --git a/esphome/components/gt911/touchscreen/gt911_touchscreen.cpp b/esphome/components/gt911/touchscreen/gt911_touchscreen.cpp
index 07218843dd..4810867d4b 100644
--- a/esphome/components/gt911/touchscreen/gt911_touchscreen.cpp
+++ b/esphome/components/gt911/touchscreen/gt911_touchscreen.cpp
@@ -20,7 +20,7 @@ static const size_t MAX_BUTTONS = 4;  // max number of buttons scanned
 
 #define ERROR_CHECK(err) \
   if ((err) != i2c::ERROR_OK) { \
-    this->status_set_warning(ESP_LOG_MSG_COMM_FAIL); \
+    this->status_set_warning(LOG_STR(ESP_LOG_MSG_COMM_FAIL)); \
     return; \
   }
 
diff --git a/esphome/components/honeywellabp2_i2c/honeywellabp2.cpp b/esphome/components/honeywellabp2_i2c/honeywellabp2.cpp
index 11f5dbc314..f173a1afbd 100644
--- a/esphome/components/honeywellabp2_i2c/honeywellabp2.cpp
+++ b/esphome/components/honeywellabp2_i2c/honeywellabp2.cpp
@@ -15,7 +15,7 @@ static const char *const TAG = "honeywellabp2";
 void HONEYWELLABP2Sensor::read_sensor_data() {
   if (this->read(raw_data_, 7) != i2c::ERROR_OK) {
     ESP_LOGE(TAG, ESP_LOG_MSG_COMM_FAIL);
-    this->status_set_warning("couldn't read sensor data");
+    this->status_set_warning(LOG_STR("couldn't read sensor data"));
     return;
   }
   float press_counts = encode_uint24(raw_data_[1], raw_data_[2], raw_data_[3]);  // calculate digital pressure counts
@@ -31,7 +31,7 @@ void HONEYWELLABP2Sensor::read_sensor_data() {
 void HONEYWELLABP2Sensor::start_measurement() {
   if (this->write(i2c_cmd_, 3) != i2c::ERROR_OK) {
     ESP_LOGE(TAG, ESP_LOG_MSG_COMM_FAIL);
-    this->status_set_warning("couldn't start measurement");
+    this->status_set_warning(LOG_STR("couldn't start measurement"));
     return;
   }
   this->measurement_running_ = true;
@@ -40,7 +40,7 @@ void HONEYWELLABP2Sensor::start_measurement() {
 bool HONEYWELLABP2Sensor::is_measurement_ready() {
   if (this->read(raw_data_, 1) != i2c::ERROR_OK) {
     ESP_LOGE(TAG, ESP_LOG_MSG_COMM_FAIL);
-    this->status_set_warning("couldn't check measurement");
+    this->status_set_warning(LOG_STR("couldn't check measurement"));
     return false;
   }
   if ((raw_data_[0] & (0x1 << STATUS_BIT_BUSY)) > 0) {
@@ -53,7 +53,7 @@ bool HONEYWELLABP2Sensor::is_measurement_ready() {
 void HONEYWELLABP2Sensor::measurement_timeout() {
   ESP_LOGE(TAG, "Timeout!");
   this->measurement_running_ = false;
-  this->status_set_warning("measurement timed out");
+  this->status_set_warning(LOG_STR("measurement timed out"));
 }
 
 float HONEYWELLABP2Sensor::get_pressure() { return this->last_pressure_; }
diff --git a/esphome/components/m5stack_8angle/binary_sensor/m5stack_8angle_binary_sensor.cpp b/esphome/components/m5stack_8angle/binary_sensor/m5stack_8angle_binary_sensor.cpp
index 2f68d9f254..3eeba4a644 100644
--- a/esphome/components/m5stack_8angle/binary_sensor/m5stack_8angle_binary_sensor.cpp
+++ b/esphome/components/m5stack_8angle/binary_sensor/m5stack_8angle_binary_sensor.cpp
@@ -6,7 +6,7 @@ namespace m5stack_8angle {
 void M5Stack8AngleSwitchBinarySensor::update() {
   int8_t out = this->parent_->read_switch();
   if (out == -1) {
-    this->status_set_warning("Could not read binary sensor state from M5Stack 8Angle.");
+    this->status_set_warning(LOG_STR("Could not read binary sensor state from M5Stack 8Angle."));
     return;
   }
   this->publish_state(out != 0);
diff --git a/esphome/components/m5stack_8angle/sensor/m5stack_8angle_sensor.cpp b/esphome/components/m5stack_8angle/sensor/m5stack_8angle_sensor.cpp
index 5e034f1dd3..d22b345141 100644
--- a/esphome/components/m5stack_8angle/sensor/m5stack_8angle_sensor.cpp
+++ b/esphome/components/m5stack_8angle/sensor/m5stack_8angle_sensor.cpp
@@ -7,7 +7,7 @@ void M5Stack8AngleKnobSensor::update() {
   if (this->parent_ != nullptr) {
     int32_t raw_pos = this->parent_->read_knob_pos_raw(this->channel_, this->bits_);
     if (raw_pos == -1) {
-      this->status_set_warning("Could not read knob position from M5Stack 8Angle.");
+      this->status_set_warning(LOG_STR("Could not read knob position from M5Stack 8Angle."));
       return;
     }
     if (this->raw_) {
diff --git a/esphome/components/max17043/max17043.cpp b/esphome/components/max17043/max17043.cpp
index 8f486de6b7..f605fb1324 100644
--- a/esphome/components/max17043/max17043.cpp
+++ b/esphome/components/max17043/max17043.cpp
@@ -22,7 +22,7 @@ void MAX17043Component::update() {
 
   if (this->voltage_sensor_ != nullptr) {
     if (!this->read_byte_16(MAX17043_VCELL, &raw_voltage)) {
-      this->status_set_warning("Unable to read MAX17043_VCELL");
+      this->status_set_warning(LOG_STR("Unable to read MAX17043_VCELL"));
     } else {
       float voltage = (1.25 * (float) (raw_voltage >> 4)) / 1000.0;
       this->voltage_sensor_->publish_state(voltage);
@@ -31,7 +31,7 @@ void MAX17043Component::update() {
   }
   if (this->battery_remaining_sensor_ != nullptr) {
     if (!this->read_byte_16(MAX17043_SOC, &raw_percent)) {
-      this->status_set_warning("Unable to read MAX17043_SOC");
+      this->status_set_warning(LOG_STR("Unable to read MAX17043_SOC"));
     } else {
       float percent = (float) ((raw_percent >> 8) + 0.003906f * (raw_percent & 0x00ff));
       this->battery_remaining_sensor_->publish_state(percent);
diff --git a/esphome/components/mcp23x08_base/mcp23x08_base.cpp b/esphome/components/mcp23x08_base/mcp23x08_base.cpp
index e4fb51174b..1593c376cd 100644
--- a/esphome/components/mcp23x08_base/mcp23x08_base.cpp
+++ b/esphome/components/mcp23x08_base/mcp23x08_base.cpp
@@ -8,7 +8,7 @@ static const char *const TAG = "mcp23x08_base";
 
 bool MCP23X08Base::digital_read_hw(uint8_t pin) {
   if (!this->read_reg(mcp23x08_base::MCP23X08_GPIO, &this->input_mask_)) {
-    this->status_set_warning(ESP_LOG_MSG_COMM_FAIL);
+    this->status_set_warning(LOG_STR(ESP_LOG_MSG_COMM_FAIL));
     return false;
   }
   return true;
diff --git a/esphome/components/mcp23x17_base/mcp23x17_base.cpp b/esphome/components/mcp23x17_base/mcp23x17_base.cpp
index 020b8a5ddf..b1f1f260b4 100644
--- a/esphome/components/mcp23x17_base/mcp23x17_base.cpp
+++ b/esphome/components/mcp23x17_base/mcp23x17_base.cpp
@@ -11,13 +11,13 @@ bool MCP23X17Base::digital_read_hw(uint8_t pin) {
   uint8_t data;
   if (pin < 8) {
     if (!this->read_reg(mcp23x17_base::MCP23X17_GPIOA, &data)) {
-      this->status_set_warning(ESP_LOG_MSG_COMM_FAIL);
+      this->status_set_warning(LOG_STR(ESP_LOG_MSG_COMM_FAIL));
       return false;
     }
     this->input_mask_ = encode_uint16(this->input_mask_ >> 8, data);
   } else {
     if (!this->read_reg(mcp23x17_base::MCP23X17_GPIOB, &data)) {
-      this->status_set_warning(ESP_LOG_MSG_COMM_FAIL);
+      this->status_set_warning(LOG_STR(ESP_LOG_MSG_COMM_FAIL));
       return false;
     }
     this->input_mask_ = encode_uint16(data, this->input_mask_ & 0xFF);
diff --git a/esphome/components/pi4ioe5v6408/pi4ioe5v6408.cpp b/esphome/components/pi4ioe5v6408/pi4ioe5v6408.cpp
index 18acfda934..517ca833e6 100644
--- a/esphome/components/pi4ioe5v6408/pi4ioe5v6408.cpp
+++ b/esphome/components/pi4ioe5v6408/pi4ioe5v6408.cpp
@@ -68,7 +68,7 @@ bool PI4IOE5V6408Component::read_gpio_outputs_() {
 
   uint8_t data;
   if (!this->read_byte(PI4IOE5V6408_REGISTER_OUT_SET, &data)) {
-    this->status_set_warning("Failed to read output register");
+    this->status_set_warning(LOG_STR("Failed to read output register"));
     return false;
   }
   this->output_mask_ = data;
@@ -82,7 +82,7 @@ bool PI4IOE5V6408Component::read_gpio_modes_() {
 
   uint8_t data;
   if (!this->read_byte(PI4IOE5V6408_REGISTER_IO_DIR, &data)) {
-    this->status_set_warning("Failed to read GPIO modes");
+    this->status_set_warning(LOG_STR("Failed to read GPIO modes"));
     return false;
   }
 #if ESPHOME_LOG_LEVEL >= ESPHOME_LOG_LEVEL_VERBOSE
@@ -99,7 +99,7 @@ bool PI4IOE5V6408Component::digital_read_hw(uint8_t pin) {
 
   uint8_t data;
   if (!this->read_byte(PI4IOE5V6408_REGISTER_IN_STATE, &data)) {
-    this->status_set_warning("Failed to read GPIO state");
+    this->status_set_warning(LOG_STR("Failed to read GPIO state"));
     return false;
   }
   this->input_mask_ = data;
@@ -117,7 +117,7 @@ void PI4IOE5V6408Component::digital_write_hw(uint8_t pin, bool value) {
     this->output_mask_ &= ~(1 << pin);
   }
   if (!this->write_byte(PI4IOE5V6408_REGISTER_OUT_SET, this->output_mask_)) {
-    this->status_set_warning("Failed to write output register");
+    this->status_set_warning(LOG_STR("Failed to write output register"));
     return;
   }
 #if ESPHOME_LOG_LEVEL >= ESPHOME_LOG_LEVEL_VERBOSE
@@ -131,15 +131,15 @@ bool PI4IOE5V6408Component::write_gpio_modes_() {
     return false;
 
   if (!this->write_byte(PI4IOE5V6408_REGISTER_IO_DIR, this->mode_mask_)) {
-    this->status_set_warning("Failed to write GPIO modes");
+    this->status_set_warning(LOG_STR("Failed to write GPIO modes"));
     return false;
   }
   if (!this->write_byte(PI4IOE5V6408_REGISTER_PULL_SELECT, this->pull_up_down_mask_)) {
-    this->status_set_warning("Failed to write GPIO pullup/pulldown");
+    this->status_set_warning(LOG_STR("Failed to write GPIO pullup/pulldown"));
     return false;
   }
   if (!this->write_byte(PI4IOE5V6408_REGISTER_PULL_ENABLE, this->pull_enable_mask_)) {
-    this->status_set_warning("Failed to write GPIO pull enable");
+    this->status_set_warning(LOG_STR("Failed to write GPIO pull enable"));
     return false;
   }
 #if ESPHOME_LOG_LEVEL >= ESPHOME_LOG_LEVEL_VERBOSE
diff --git a/esphome/components/sgp4x/sgp4x.cpp b/esphome/components/sgp4x/sgp4x.cpp
index da52993a87..99d88006f7 100644
--- a/esphome/components/sgp4x/sgp4x.cpp
+++ b/esphome/components/sgp4x/sgp4x.cpp
@@ -211,7 +211,7 @@ void SGP4xComponent::measure_raw_() {
 
   if (!this->write_command(command, data, 2)) {
     ESP_LOGD(TAG, "write error (%d)", this->last_error_);
-    this->status_set_warning("measurement request failed");
+    this->status_set_warning(LOG_STR("measurement request failed"));
     return;
   }
 
@@ -220,7 +220,7 @@ void SGP4xComponent::measure_raw_() {
     raw_data[1] = 0;
     if (!this->read_data(raw_data, response_words)) {
       ESP_LOGD(TAG, "read error (%d)", this->last_error_);
-      this->status_set_warning("measurement read failed");
+      this->status_set_warning(LOG_STR("measurement read failed"));
       this->voc_index_ = this->nox_index_ = UINT16_MAX;
       return;
     }
diff --git a/esphome/components/sht4x/sht4x.cpp b/esphome/components/sht4x/sht4x.cpp
index 637c8c1a9d..62b8717ded 100644
--- a/esphome/components/sht4x/sht4x.cpp
+++ b/esphome/components/sht4x/sht4x.cpp
@@ -65,7 +65,7 @@ void SHT4XComponent::update() {
   // Send command
   if (!this->write_command(MEASURECOMMANDS[this->precision_])) {
     // Warning will be printed only if warning status is not set yet
-    this->status_set_warning("Failed to send measurement command");
+    this->status_set_warning(LOG_STR("Failed to send measurement command"));
     return;
   }
 
diff --git a/esphome/components/sound_level/sound_level.cpp b/esphome/components/sound_level/sound_level.cpp
index decf630aba..db6b168bbc 100644
--- a/esphome/components/sound_level/sound_level.cpp
+++ b/esphome/components/sound_level/sound_level.cpp
@@ -56,7 +56,7 @@ void SoundLevelComponent::loop() {
     }
   } else {
     if (!this->status_has_warning()) {
-      this->status_set_warning("Microphone isn't running, can't compute statistics");
+      this->status_set_warning(LOG_STR("Microphone isn't running, can't compute statistics"));
 
       // Deallocate buffers, if necessary
       this->stop_();
diff --git a/esphome/components/tca9555/tca9555.cpp b/esphome/components/tca9555/tca9555.cpp
index b4a04d5b0b..c3449ce254 100644
--- a/esphome/components/tca9555/tca9555.cpp
+++ b/esphome/components/tca9555/tca9555.cpp
@@ -50,7 +50,7 @@ bool TCA9555Component::read_gpio_outputs_() {
     return false;
   uint8_t data[2];
   if (!this->read_bytes(TCA9555_OUTPUT_PORT_REGISTER_0, data, 2)) {
-    this->status_set_warning("Failed to read output register");
+    this->status_set_warning(LOG_STR("Failed to read output register"));
     return false;
   }
   this->output_mask_ = (uint16_t(data[1]) << 8) | (uint16_t(data[0]) << 0);
@@ -64,7 +64,7 @@ bool TCA9555Component::read_gpio_modes_() {
   uint8_t data[2];
   bool success = this->read_bytes(TCA9555_CONFIGURATION_PORT_0, data, 2);
   if (!success) {
-    this->status_set_warning("Failed to read mode register");
+    this->status_set_warning(LOG_STR("Failed to read mode register"));
     return false;
   }
   this->mode_mask_ = (uint16_t(data[1]) << 8) | (uint16_t(data[0]) << 0);
@@ -79,7 +79,7 @@ bool TCA9555Component::digital_read_hw(uint8_t pin) {
   uint8_t bank_number = pin < 8 ? 0 : 1;
   uint8_t register_to_read = bank_number ? TCA9555_INPUT_PORT_REGISTER_1 : TCA9555_INPUT_PORT_REGISTER_0;
   if (!this->read_bytes(register_to_read, &data, 1)) {
-    this->status_set_warning("Failed to read input register");
+    this->status_set_warning(LOG_STR("Failed to read input register"));
     return false;
   }
   uint8_t second_half = this->input_mask_ >> 8;
@@ -108,7 +108,7 @@ void TCA9555Component::digital_write_hw(uint8_t pin, bool value) {
   data[0] = this->output_mask_;
   data[1] = this->output_mask_ >> 8;
   if (!this->write_bytes(TCA9555_OUTPUT_PORT_REGISTER_0, data, 2)) {
-    this->status_set_warning("Failed to write output register");
+    this->status_set_warning(LOG_STR("Failed to write output register"));
     return;
   }
 
@@ -123,7 +123,7 @@ bool TCA9555Component::write_gpio_modes_() {
   data[0] = this->mode_mask_;
   data[1] = this->mode_mask_ >> 8;
   if (!this->write_bytes(TCA9555_CONFIGURATION_PORT_0, data, 2)) {
-    this->status_set_warning("Failed to write mode register");
+    this->status_set_warning(LOG_STR("Failed to write mode register"));
     return false;
   }
   this->status_clear_warning();
diff --git a/esphome/components/tmp1075/tmp1075.cpp b/esphome/components/tmp1075/tmp1075.cpp
index 831f905bd2..1d9b384c66 100644
--- a/esphome/components/tmp1075/tmp1075.cpp
+++ b/esphome/components/tmp1075/tmp1075.cpp
@@ -32,7 +32,7 @@ void TMP1075Sensor::update() {
   uint16_t regvalue;
   if (!read_byte_16(REG_TEMP, &regvalue)) {
     ESP_LOGW(TAG, "'%s' - unable to read temperature register", this->name_.c_str());
-    this->status_set_warning("can't read");
+    this->status_set_warning(LOG_STR("can't read"));
     return;
   }
   this->status_clear_warning();
diff --git a/esphome/components/udp/udp_component.cpp b/esphome/components/udp/udp_component.cpp
index 62a1189355..8a9ce612b4 100644
--- a/esphome/components/udp/udp_component.cpp
+++ b/esphome/components/udp/udp_component.cpp
@@ -28,12 +28,12 @@ void UDPComponent::setup() {
     int enable = 1;
     auto err = this->broadcast_socket_->setsockopt(SOL_SOCKET, SO_REUSEADDR, &enable, sizeof(int));
     if (err != 0) {
-      this->status_set_warning("Socket unable to set reuseaddr");
+      this->status_set_warning(LOG_STR("Socket unable to set reuseaddr"));
       // we can still continue
     }
     err = this->broadcast_socket_->setsockopt(SOL_SOCKET, SO_BROADCAST, &enable, sizeof(int));
     if (err != 0) {
-      this->status_set_warning("Socket unable to set broadcast");
+      this->status_set_warning(LOG_STR("Socket unable to set broadcast"));
     }
   }
   // create listening socket if we either want to subscribe to providers, or need to listen
@@ -55,7 +55,7 @@ void UDPComponent::setup() {
     int enable = 1;
     err = this->listen_socket_->setsockopt(SOL_SOCKET, SO_REUSEADDR, &enable, sizeof(enable));
     if (err != 0) {
-      this->status_set_warning("Socket unable to set reuseaddr");
+      this->status_set_warning(LOG_STR("Socket unable to set reuseaddr"));
       // we can still continue
     }
     struct sockaddr_in server {};
diff --git a/esphome/components/usb_uart/usb_uart.cpp b/esphome/components/usb_uart/usb_uart.cpp
index 934306f480..bf1c9086f1 100644
--- a/esphome/components/usb_uart/usb_uart.cpp
+++ b/esphome/components/usb_uart/usb_uart.cpp
@@ -266,7 +266,7 @@ void USBUartTypeCdcAcm::on_connected() {
   for (auto *channel : this->channels_) {
     if (i == cdc_devs.size()) {
       ESP_LOGE(TAG, "No configuration found for channel %d", channel->index_);
-      this->status_set_warning("No configuration found for channel");
+      this->status_set_warning(LOG_STR("No configuration found for channel"));
       break;
     }
     channel->cdc_dev_ = cdc_devs[i++];
diff --git a/esphome/components/wake_on_lan/wake_on_lan.cpp b/esphome/components/wake_on_lan/wake_on_lan.cpp
index bed098755a..adf5a080e5 100644
--- a/esphome/components/wake_on_lan/wake_on_lan.cpp
+++ b/esphome/components/wake_on_lan/wake_on_lan.cpp
@@ -74,12 +74,12 @@ void WakeOnLanButton::setup() {
   int enable = 1;
   auto err = this->broadcast_socket_->setsockopt(SOL_SOCKET, SO_REUSEADDR, &enable, sizeof(int));
   if (err != 0) {
-    this->status_set_warning("Socket unable to set reuseaddr");
+    this->status_set_warning(LOG_STR("Socket unable to set reuseaddr"));
     // we can still continue
   }
   err = this->broadcast_socket_->setsockopt(SOL_SOCKET, SO_BROADCAST, &enable, sizeof(int));
   if (err != 0) {
-    this->status_set_warning("Socket unable to set broadcast");
+    this->status_set_warning(LOG_STR("Socket unable to set broadcast"));
   }
 #endif
 }
diff --git a/esphome/components/wifi/wifi_component.cpp b/esphome/components/wifi/wifi_component.cpp
index d16c94fa13..e57bf25b8c 100644
--- a/esphome/components/wifi/wifi_component.cpp
+++ b/esphome/components/wifi/wifi_component.cpp
@@ -148,7 +148,7 @@ void WiFiComponent::loop() {
 
     switch (this->state_) {
       case WIFI_COMPONENT_STATE_COOLDOWN: {
-        this->status_set_warning("waiting to reconnect");
+        this->status_set_warning(LOG_STR("waiting to reconnect"));
         if (millis() - this->action_started_ > 5000) {
           if (this->fast_connect_ || this->retry_hidden_) {
             if (!this->selected_ap_.get_bssid().has_value())
@@ -161,13 +161,13 @@ void WiFiComponent::loop() {
         break;
       }
       case WIFI_COMPONENT_STATE_STA_SCANNING: {
-        this->status_set_warning("scanning for networks");
+        this->status_set_warning(LOG_STR("scanning for networks"));
         this->check_scanning_finished();
         break;
       }
       case WIFI_COMPONENT_STATE_STA_CONNECTING:
       case WIFI_COMPONENT_STATE_STA_CONNECTING_2: {
-        this->status_set_warning("associating to network");
+        this->status_set_warning(LOG_STR("associating to network"));
         this->check_connecting_finished();
         break;
       }
diff --git a/esphome/core/component.cpp b/esphome/core/component.cpp
index 3f6beeb28e..85f433b6cf 100644
--- a/esphome/core/component.cpp
+++ b/esphome/core/component.cpp
@@ -16,7 +16,6 @@
 namespace esphome {
 
 static const char *const TAG = "component";
-static const char *const UNSPECIFIED_MESSAGE = "unspecified";
 
 // Global vectors for component data that doesn't belong in every instance.
 // Using vector instead of unordered_map for both because:
@@ -143,7 +142,7 @@ void Component::call_dump_config() {
       }
     }
     ESP_LOGE(TAG, "  %s is marked FAILED: %s", LOG_STR_ARG(this->get_component_log_str()),
-             error_msg ? error_msg : UNSPECIFIED_MESSAGE);
+             error_msg ? error_msg : LOG_STR_LITERAL("unspecified"));
   }
 }
 
@@ -278,6 +277,7 @@ bool Component::is_ready() const {
 bool Component::can_proceed() { return true; }
 bool Component::status_has_warning() const { return this->component_state_ & STATUS_LED_WARNING; }
 bool Component::status_has_error() const { return this->component_state_ & STATUS_LED_ERROR; }
+
 void Component::status_set_warning(const char *message) {
   // Don't spam the log. This risks missing different warning messages though.
   if ((this->component_state_ & STATUS_LED_WARNING) != 0)
@@ -285,15 +285,26 @@ void Component::status_set_warning(const char *message) {
   this->component_state_ |= STATUS_LED_WARNING;
   App.app_state_ |= STATUS_LED_WARNING;
   ESP_LOGW(TAG, "%s set Warning flag: %s", LOG_STR_ARG(this->get_component_log_str()),
-           message ? message : UNSPECIFIED_MESSAGE);
+           message ? message : LOG_STR_LITERAL("unspecified"));
 }
+#ifdef USE_STORE_LOG_STR_IN_FLASH
+void Component::status_set_warning(const LogString *message) {
+  // Don't spam the log. This risks missing different warning messages though.
+  if ((this->component_state_ & STATUS_LED_WARNING) != 0)
+    return;
+  this->component_state_ |= STATUS_LED_WARNING;
+  App.app_state_ |= STATUS_LED_WARNING;
+  ESP_LOGW(TAG, "%s set Warning flag: %s", this->get_component_source(),
+           message ? LOG_STR_ARG(message) : LOG_STR_LITERAL("unspecified"));
+}
+#endif
 void Component::status_set_error(const char *message) {
   if ((this->component_state_ & STATUS_LED_ERROR) != 0)
     return;
   this->component_state_ |= STATUS_LED_ERROR;
   App.app_state_ |= STATUS_LED_ERROR;
   ESP_LOGE(TAG, "%s set Error flag: %s", LOG_STR_ARG(this->get_component_log_str()),
-           message ? message : UNSPECIFIED_MESSAGE);
+           message ? message : LOG_STR_LITERAL("unspecified"));
   if (message != nullptr) {
     // Lazy allocate the error messages vector if needed
     if (!component_error_messages) {
diff --git a/esphome/core/component.h b/esphome/core/component.h
index 9a7e442c5c..ccbcd0cfab 100644
--- a/esphome/core/component.h
+++ b/esphome/core/component.h
@@ -10,6 +10,9 @@
 
 namespace esphome {
 
+// Forward declaration for LogString
+struct LogString;
+
 /** Default setup priorities for components of different types.
  *
  * Components should return one of these setup priorities in get_setup_priority.
@@ -204,6 +207,9 @@ class Component {
   bool status_has_error() const;
 
   void status_set_warning(const char *message = nullptr);
+#ifdef USE_STORE_LOG_STR_IN_FLASH
+  void status_set_warning(const LogString *message);
+#endif
 
   void status_set_error(const char *message = nullptr);