What Savings Can You Expect from Smart Homes on Energy Bills?
Households that implement energy-efficient appliances and make use of smart technology can save hundreds, even thousands, each year on power costs by using energy efficient products and smart solutions.
From swapping out traditional light globes for LEDs and investing in an automated energy management system to track usage better, the potential savings is rapidly expanding every day.
Ben Green, Clipsal by Schneider Electric’s Smart Space Director, believes reducing energy use is the easiest way to lower power bills.
He emphasizes the significance of smart planning when it comes to household appliances and equipment as they account for approximately 33% of energy consumption and 45% of greenhouse gas emissions in an average Australian home, making smart planning essential.
Green believes even small changes can save money. Installing a water-efficient showerhead, for instance, could save two-person households up to $160 annually on energy and water costs.
Recent advancements in smart home technology and automation provide homeowners with additional control.
Green believes it is possible to monitor how much energy your appliances, the pool or lights consume before taking steps to cut energy usage.
By opting for the clothes line once every week instead of using a dryer, one could save around $79 annually and getting rid of a second fridge could yield savings totalling nearly $200 annually; totalling more than $400 in savings!
But even greater savings can be found.
An automated energy management system can identify the largest energy-consuming sources in your home and suggest ways to become more energy efficient.
“Home owners can achieve this through remote monitoring and control from any device – such as their smartphone, tablet, computer or television – so that they have timely and actionable insights,” according to Green.
Switching out old appliances for more energy-efficient ones should also be top of mind.
Green details the dramatic cost differences between “old” technology such as light globes or washing machines and newer ones; with one star appliances costing an astonishing $160 more yearly than their counterparts with 10 stars.
