4 Smart Home Devices That Actually Save Money
Summary
This article explains how certain smart home devices can help homeowners save money by reducing energy use. It highlights four types of devices: LED bulbs, smart power strips, smart thermostats, and electric fireplaces, showing how each contributes to energy savings and efficiency.Key Facts
- LED bulbs use up to 90% less energy and last up to 25 times longer than traditional bulbs.
- Lighting accounts for about 15% of a home’s electricity use, and switching to LED bulbs can save around $225 per year.
- “Energy vampires” are devices that use power even when turned off; they can cost up to $183 per year in wasted energy.
- Smart power strips can automatically stop electricity to devices not in use, cutting down on wasted standby power.
- Heating and cooling make up more than half the energy used in U.S. homes; smart thermostats can reduce these costs by 10% to 23%, saving $50 to $200 per year.
- Smart thermostats adjust home temperature automatically using technology linked to your phone to save energy when you’re not home.
- Traditional fireplaces lose over 90% of heat through the chimney, but electric fireplaces convert almost all electricity into heat efficiently.
- Electric fireplaces improve air quality because they do not produce smoke or fumes.
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