How Smart Home Tech Saves You Money

Upon hearing the term “smart home” you may have flashbacks of The Jetsons, Back to the Future II or other futuristic depictions of fully-automated homes that prepare your dinner and take care of your laundry. It may seem silly, but we are moving closer to that reality every day.

We’ll break down 3 smart home tech products that can improve your home’s efficiency, energy and expenses. 

Turn up the Heat

Programmable thermostats like Nest connect to your existing HVAC system and take the guesswork out of temperature control. Heating and cooling account for nearly half of your home’s energy usage, so investing in technology that can automate the temperature throughout your house will reduce your overall costs. Nest claims to pay for itself in little as two and a half years with an average savings of $131-145 per year.

A Bright Idea

Installing smart lights will not only brighten up a room – they’ll also lighten up expenses. These lights can range from highly efficient LED bulbs to “smart” bulbs controlled by an app. If you are someone who constantly forgets to turn off lights or hates walking into a dark house,  smart bulbs with dimming features and motion sensors are a fantastic option and can reduce energy consumption by 50%.

Large Appliance, Low Energy

On average, up to 20% of household energy consumption comes from our water usage. Manufacturers have taken note and year after year newer models come equipped with added features that are more energy efficient than their predecessors.  A smart washer and dryer can detect when you’re not home, give you control of the settings over your phone, and adjust your washing and drying temperatures accordingly. While these appliances can be costly, investing the money into a product that is more up to date and efficient will certainly perform better and help reduce your overall electricity and water usage. In the market for one? Energy Star ratings are one of the best ways to identify if an appliance that has been built with efficiency in mind.

What are some of your favorite smart technology products that you’ve added to your home? How have they reduced your monthly expenses? Share in the comments below!