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3 Ways a Smart Home Can Save Your Family Money

Pictured: The T9 Smart Thermostat. The T9, which is ENERGY STAR certified, learns your home's heating and cooling cycles to help deliver the optimal temperature for your family at the right time.

3 Ways a Smart Home Can Save Your Family Money

The typical U.S. family spends at least $2,200 a year on home utility bills, according to the U.S. Department of Energy.1 On average, that’s 7% of a consumer’s annual income.2 Utilities that used to be considered “optional,” such as Internet and mobile phone service, are now considered essential, adding additional expense to a family’s monthly budget.

So where can a homeowner look to cut back? Lately, a popular trend has been to cut the cord on cable and convert to streaming television services. But did you know that many smart-home devices are designed to help you save on energy consumption?

When thinking of a smart home, some people might just think of cool, connected gadgets that make life easier or more convenient. However, many smart-home solutions are becoming part of sustainable living, AND they can save you money along the way.

Here are three ways you can introduce smart-home solutions into your daily life, reducing the monthly strain of high utility bills.

  1. Don’t sacrifice efficiency for comfort – automate your thermostat.

    Our homes are our source of comfort and the temperature of your home should help you achieve that feeling. However, heating and cooling can account for nearly half of a family’s monthly utility budget.3 A smart thermostat, like the Honeywell HomeTM T9, can reduce this cost by tailoring to your temperature preferences. With the Honeywell Home app, geofencing technology allows the T9 to know when you’re coming and going, and will adjust the temperature of your home accordingly. Now you don’t have to remember to turn the heat down when you leave for work; the app does it for you. It’s easy efficiency and can help save you money each month. Plus, all 16 of Resideo’s smart thermostats are ENERGY STAR Certified – more than any other manufacturer out there – so you’ll be doing your pocketbook and the environment a favor. Expert tip: Many utility companies offer consumers a rebate for joining energy savings programs that connect to smart thermostats. Read this article to learn more.

  2. Light up the room, but only when you’re around.

    Parents can often tell the exact path their children have taken based on what lights have been left on throughout the house. Turning off lights is an easy thing to forget, even as adults. We’ve all accidentally left that closet light or bedroom lamp on all day long while we’ve been at work. Consider installing automated and motion-activated lighting solutions. With easy DIY installation, a weekend lighting project can give you long-term energy savings. Interested to know how much energy and cost are associated with running various home appliances? Check out this energy calculator from Energy.gov.

  3. Get to know your water usage footprint.

    Most of us don’t think twice when turning on the faucet, flushing the toilet or running a warm bath, which takes energy to heat. Water is our planet’s most precious resource, but it’s something we take for granted because it’s available at the turn of a tap. Monitoring and being aware of your water footprint can help reduce your monthly bill, while reducing strain on water supplies. Resideo’s Wi-Fi Water Leak and Freeze Detector can alert you and your smart phone if it detects a possible water leak. Resideo also recently acquired Buoy Labs, which produces an innovative Wi-Fi enabled solution that can track the amount of water used in a home.

For more tips and product information, follow us on Instagram: @Honeywell_Home.

1 U.S. Department of Energy, “Energy Saver
2 American Coalition for Clean Coal Electricity, “Energy Expenditures by American Families
3 U.S. Department of Energy, “Energy Saver

The Honeywell Home trademark is used under a long-term license from Honeywell International Inc.