Maybe you’ve heard about smart technology becoming more common — smart thermostats, smart ovens, smart washers and dryers — but do they really save you on energy costs? Learn how home automation can not only make your life more convenient but also help you save on your utility bill.
Sure, it’s nice to have the ability to ensure the doors are locked when you’re already three hours down the road and into your vacation. And, of course, having the living room lights automatically come on when you’re on your way home from a late night at work and a block from the house is certainly convenient, too. But, unfortunately, these luxuries don’t come without a price. In fact, HomeAdvisor suggests that the typical range of costs to install a home automation system is between $454 and $2,014, with the national average being $1,209. Many manufacturers attempt to make up for those charges by touting that their smart technology can save you money on energy costs in the long run, but is that true?
Although home automation does require an initial investment, we — and a ton of other consumers — think it’s a wise one. Having a thermostat that automatically adjusts when you leave the house and a smart shower head that conserves water, for example, can equal money savings. Granted, locking your doors remotely doesn’t save you money on your electric bill. But don’t cut your losses yet — many insurance companies are offering discounts of up to 20 percent for automated systems that include that security feature, as well as other features such as smoke, flood, and carbon monoxide detectors.
Here are some smart home automation cost-saving ideas for home energy efficiency:
Wondering if there’s protection for smart-home appliance investments? See what’s covered with an American Home Shield Home Warranty.
AHS assumes no responsibility, and specifically disclaims all liability, for your use of any and all information contained herein.
New Jersey Residents: The product being offered is a service contract and is separate and distinct from any product or service warranty which may be provided by the home builder or manufacturer.