Smart home technology saves residents nearly 30 minutes every day. Discover 6 ways to reduce home utility costs, saving them money and helping the planet!

The constant advancements in technology are continuously changing our day-to-day lives, making tedious tasks more convenient and easier to manage. Today smartphones have completely changed our lives. They have become a digital Swiss Army Knife that we obviously can’t live without. As smartphones and their technology become smarter, the technology around us will become smarter as well. That being said, we now live in a time where the number of smart homes is increasing.

Throughout the U.S. integrating IoT Technology will interconnect various devices and systems in our homes, making the day-to-day life of the resident that much easier. According to a study conducted by CNET and Coldwell Banker, smart home technology saves residents nearly 30 minutes every day. However, smart home technology isn’t only saving residents time, it’s also saving them money and helping the environment as well.

How Smart Home Technology Save Money

smart thermostat
Photo by Dan LeFebvre on Unsplashsavesave

People are always trying to find ways to save money, but who knew that integrating smart home technology can help you do that? Believe it or not, the typical U.S. Family spends an average of $2,060 on home utility bills each year, which is roughly $172 every month. That being said there are a number of devices that can help decrease your monthly utility bill in a short period of time.
Integrating LED Lights, a smart thermostat such as Nest, smart plugs, motion-sensing lights, and low-flow faucets are devices that can help tremendously.

  • LED Lights: Can save you 10%-15% on your energy bill
  • Smart Thermostat: Can save you an estimated $200 per year
  • Motion Sensing Lights: Can save you 50-75% of lighting energy
  • Low-flow Faucets: Can save 700 gallons of water a year

These are just a handful of products that you can invest in so you can start cutting your home utility bills each month. Also to help you save money on your utility bills, you can also be more cognizant of your water usage. Leaking faucets, long showers, the cooling and heating of your home can play a major role in utility costs. So try to save where you can so you can save money and decrease your ecological footprint as well.

How Smart Home Technology Helps The Environment

smart home technology
Photo by Nathan Dumlao on Unsplash

After integrating smart home technology it can make your home or apartment feel like magic. With the touch of a button from your smart hub or phone, you can adjust interconnected devices from anywhere. These devices will help you keep track of your energy use and will help you decrease your environmental impact through automation. Having the ability to decrease your water and electricity usage will make your home or apartment more sustainable. If you have old appliances you should think about replacing them. Yes, it may cost you a significant amount of money upfront, but over time you will begin to save that money now that modern-day appliances are more likely to be energy-efficient.

As mentioned above if you do not have the ability to purchase energy-efficient appliances such as washers, dryers, refrigerators, simply invest in low-flow faucets, LED lights, a smart thermostat, or motion-sensing lights. These can help you save money and help the environment right away. So give it a try. If you would like to have additional information on how you can transform your home or apartment, take a look at Wikibuys smart home guide to help you save.

Easy Ways To Save with a Smart Home

Bryce BattleAuthor:

Bryce Battle is a Content Marketing Specialist at Siege Media, a leading marketing agency offering strategy, creation, promotion, and consulting.





Cover image: photo by needpix