How Much Does Smart Home Tech Actually Save?

Smart home technology has come leaps and bounds since it was first introduced and we now live in a world where we can have smoke alarms that talk to us, thermostats that learn, and remote access security devices where you can use your phone to let friends and family into your house.

Here at Crescent Electric, we think this is great and wondered just how much smart home technology could save on electric bills yearly.

To answer this question, we calculated the average yearly electricity bill for each state using data from the US Energy Information Administration and then looked at smart home thermostats to determine average installation cost and their average savings to come up with a total average and yearly savings by state.