Smart Home Devices That Can Help You Save Money

In today's world of ever-advancing technology, our homes are getting smarter and smarter. Smart home devices allow us to automate, monitor, and control many aspects of our home environment using our smartphones and voice commands. From thermostats and lighting to security systems and appliances, smart devices are making homes more efficient, convenient, and safe. 

For homeowners, one of the biggest benefits of smart home tech is the potential to save money. By optimizing energy use, reducing waste, and enhancing home security, certain smart devices can end up paying for themselves over time through utility and maintenance cost savings. As a homeowner, wouldn't it be great to reduce your monthly bills while also enjoying the perks of a high-tech, automated home?

In this blog post, we will look at 10 smart home devices that can enable real money savings for any homeowner. These devices range from simple smart plugs and lightbulbs to more advanced systems like security cameras and smart locks. If saving money is a priority for you, consider integrating some of these tech tools into your home.

Smart Thermostats

One of the best ways to reduce home energy costs is by installing a smart thermostat. This device allows you to precisely control your home's heating and cooling system via smartphone, tablet, or voice commands. Smart thermostats learn your usage patterns over time and create an efficient schedule that optimizes temperature settings when you are home or away. 

By reducing energy waste from heating and/or cooling an empty home, studies show that smart thermostats can cut HVAC costs by 10-30%. The cost savings quickly add up, allowing you to recoup the cost of the thermostat in as little as two years. Leading smart thermostat models include the Nest Learning Thermostat, Ecobee SmartThermostat, and Honeywell Home T9.

Smart Lighting 

Replacing your standard light bulbs with smart LED bulbs is another simple way to realize energy and cost savings. Smart bulbs like the Philips Hue can be controlled remotely via app or voice to turn lights on/off, dim, change color, and create lighting schedules. This allows you to only light the specific rooms you are using, reducing wasted electricity.

Smart bulbs are also significantly more energy efficient than traditional incandescent bulbs. Energy Star estimates that LED bulbs consume 75% less power and can last up to 25 times longer. The cost savings from reduced energy use and less frequent bulb replacement can quickly add up over time.

Smart Power Outlets/Plugs

Smart outlets and plugs allow you to control lamps, appliances, and other plug-in devices remotely via your smartphone. Leading options like the Belkin Wemo Mini and TP-Link Kasa Smart Plug can turn power on/off, set schedules, and monitor energy usage. 

By powering off plugged-in devices when not in use, you can meaningfully reduce your electricity bill each month. You also gain the convenience of being able to control lights and appliances remotely. Install smart plugs for high energy users like space heaters, fans, and gaming consoles to maximize savings.

Smart Water Leak Detectors

One of the most disastrous and costly issues that can occur in any home is an undetected water leak. Smart water leak detectors such as the Honeywell Lyric and D-Link DCH-S161 can alert you to water leaks as soon as they are detected.

These wireless sensors can be placed near plumbing under sinks, water heaters, washing machines, and toilets to monitor for leaks 24/7. The moment even a small leak is picked up, you receive a smartphone alert allowing you to take immediate action. Preventing water damage, mold growth, and excessive water bills with early leak detection can potentially save thousands in repairs and maintenance.

Smart Door Locks 

While not directly energy-related, smart door locks improve home security and give you greater control over access to your home. Locks like the August Smart Lock Pro allow you to lock/unlock doors remotely via smartphone and track who comes and goes. This means no more copies of keys for dog walkers, repair workers, or neighbors - instead they can be granted digital access which you can revoke at any time.

With a smart lock, you'll have peace of mind knowing your home is secure. You'll also be able to grant access when away from home, avoiding fees for a lost key or locksmith visit. Both conveniences that can lead to considerable cost savings over time.

Smart Garage Door Controllers

A smart garage door controller like the Chamberlain MyQ allows you to open and close your garage door from your smartphone. This can come in handy if you frequently forget to close the garage, potentially allowing access or theft.

But a smart controller can also help cut energy costs by ensuring the garage door isn't left open unnecessarily. This prevents cooled/heated air from escaping and lowering energy bills. If you regularly forget to close the garage, the savings can quickly justify the cost of installing a smart controller.

Smart Ceiling Fans

Here's an often overlooked way to incorporate smart technology and potentially reduce energy costs in your home - smart ceiling fans! Models like the Hunter Symphony or Haiku Home combine ceiling fan and smart technology into one unit with WiFi connectivity.

These fans can be controlled from your smartphone to adjust speeds, set schedules, and mode changes (winter/summer). Optimizing fan usage can facilitate air circulation to reduce heating and cooling demands. The Haiku Home line also has models with built-in temperature and humidity sensors to automatically adjust speeds based on current conditions in the room.

Smart Window Blinds/Shades

Another relatively low-tech option that offers simple smart functionality are automated smart blinds and shades. Options like the Lutron Serena or IKEA Kadrilj allow app and voice control to raise/lower window coverings. This allows you to control natural light, privacy, and room temperature.

Lowering blinds on hot summer days keeps direct sunlight from heating up the home. Closing shades at night improves insulation. Creating schedules to automate these changes based on time of day and season can assist your HVAC system and create energy savings.

Smart Sprinkler Controllers

During warmer months, sprinkler systems can be a major user of water. A smart sprinkler controller allows you to digitally program and automate your sprinkler schedule from your phone. Leading options include the Rachio 3 Smart Sprinkler Controller and the RainMachine Touch HD-12.

Smart controllers use local weather reports and lawn conditions to only water when needed. Soil moisture sensors prevent overwatering after rainstorms. These features optimize water usage for your landscaping, resulting in cost savings from less water usage. Depending on lot size, homeowners can expect 20-50% reduction in sprinkler water usage.

Home Energy Monitoring Systems

For full insight into your home's energy efficiency, a smart home energy monitoring system is essential. There are two main options: a wireless sensor system like Sense or a "smart" electrical panel upgrade such as the Span Smart Panel.

Both options connect to your home's electrical system to provide detailed tracking of energy usage by appliance or device. This allows you to pinpoint problem areas with phantom loads or high energy draw. The more granular view of energy use enables better optimization decisions for high-cost devices and peak usage times.

Adding smart capabilities throughout your home opens up many possibilities for enhanced efficiency, convenience, and cost savings. With smart devices like thermostats, lighting, plugs, and appliances, you can optimize energy usage room-by-room. 

Conclusion

Smart home technology offers a multitude of opportunities for saving money and improving efficiency in your home. From smart thermostats and energy monitoring devices to smart lighting systems and appliances, there are countless ways to reduce your utility bills and lower your environmental footprint with smart home devices. By investing in these technologies and incorporating them into your daily routines, you can enjoy the benefits of a smarter, more cost-effective home for years to come.

Whether you're looking to lower your energy bills, conserve water, or enhance your home security, there's a smart home device out there to suit your needs. With the right combination of devices and strategies, you can transform your home into a more sustainable, efficient, and economical living space. So why wait? Start exploring the world of smart home technology today and take the first step towards a brighter, greener future.