When mentioned in general, “Smart Home” technology often talks about taking things we do manually (unlock doors, turn on and off the lights, and heat, open or closing the garage door, etc.).
What is often missed is how much money you could realize as a return on your investment with smart home technology. It’s fun to have a light turn on when you open a door or enter a room, and there are even some very cool tutorials on how to use a motion detector and/or door sensor to make this a reality. This may seem like a novelty, but it actually impacts your bottom line in the long run.
If you were to leave a 100-watt bulb burning for 24 hours each day, 365 days per year, it would use 216 kilowatt hours per year. Multiply this by the amount of lights you may keep on, either 24 hours, or for long extended periods of time. This could equate to between $30 and $50 per year.
Now, look at your thermostat. Air-conditioning and heat, running when you’re not at home could equate to another $200-$300 per year in wasted power (energy, gas, oil).
Now let’s multiply that by your mortgage length.
30 (years) X $230-$350 (per year) = $6,900 – $10,500 (per year)
This is also considering our energy pricing stays the same over the next 30 years; in actuality, it will raise significantly year over year, so we can estimate this number being 4X or 5X what this estimate reflects.
Smart home technology is more affordable than you may think. It makes sense to give yourself total control of your home, from anywhere.
If you are looking to get setup with smart home security, and start saving every month on your energy bill, connect with BSG by clicking the chat button on the bottom right hand corner of the page.