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How a Smart Home Can Save You Money

Author: Entrust Energy

Date: November 27, 2018

inside home with hand held smart device
Smart home technology is catching on fast, and for good reason. Smart home tech provides both convenience and cost savings. Here are some ways you can create a smart home of your own, and start saving money today.

Smart lighting

Smart—or connected—lighting allows you to control your home lighting system using an app, or tech like Amazon Echo and Google Home. You can control when your lights turn on or off, and also the brightness—and even color—of the bulbs (depending on the bulbs you purchase). If you leave for work and remember that you left the lights on, you can turn them off remotely. Smart lights often have sensors as well, so your lighting will turn on at the brightness you want when you walk into a room. Another added bonus is security. If you’re out of town, you can turn lights on in the evening to make it look like someone’s home. 
Savings
  • Dimming saves energy at a 1:1 ratio. If you dim your lights 50%, they will use 50% less energy.
  • Cutting down on unneeded lighting will save energy on every bulb in your house. This will vary from person to person, depending on how you program your lighting system.
  • Smart lighting uses LED bulbs, which are 90% more energy efficient than incandescent bulbs, and last 40 times longer. 

Smart appliances and electronics

Ovens, dishwashers, washing machines, and essentially every other major home appliance now have connectivity tech. You can also connect electronics like your television, to apps or virtual assistants. Capabilities depend on the manufacturer and the program needed to connect your appliance or electronics. 
Savings
  • Alert systems notify you if you’ve left an appliance on when you’re not home, saving you money on wasted energy.
  • Remote control and program settings allow you to schedule appliances to run during non-peak hours, choose specific settings, and turn electronics on and off when not in use. All of these options cut down on daily energy consumption. 

Thermostats

Smart thermostats are probably the most popular of the smart home products. These thermostats can perform numerous helpful functions, giving you more control over your home heating and cooling. Generally they enable homeowners to control their home temperature remotely. Some also learn your schedule, and prepare your home temperature so when you walk through the door it’s as cool or toasty warm as you like.
Savings
  • Depending on the brand you purchase, where you live, and what kind of HVAC system you have, smart thermostat manufacturers have reported anywhere from 15% to 25% savings on your energy costs.
  • Smart thermostats provide information about your energy usage and when you need new air filters. This reporting helps homeowners fine-tune their settings for maximized money savings, and replace air filters when necessary to keep the system running at full efficiency.
  • Some homeowners insurance companies will offer discounts to homeowners who install qualified smart devices.

Smart Outlets

Smart outlets are a very affordable option to add to your smart home arsenal. They plug directly into your existing outlets, and allow homeowners to control whatever device is plugged into it. So, if your table lamp is plugged into a smart outlet, and you realize it’s still on after you leave home, you can remotely turn it off. Smart outlets also allow you to create schedules, so your lights, coffee maker, or television turn on at a desired time.
Savings
  • Some smart outlets provide information about your energy consumption, which will help you lower your own daily consumption.
  • You can easily control when your lighting or devices are on/off, saving money on wasted energy.
  • Programming schedules allow homeowners to use the exact amount of electricity they need each day based on their typical routines.
Discover more about setting up your own smart home.

Learn more about saving money on your energy bill at Entrust Energy.

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