Sure, smart home devices that decrease your monthly bills typically do so by reducing energy waste and making certain aspects of your home more efficient. Smart home devices introduce 3 new capabilities to help control usage:
- Remote control access to your devices when you’re away from home. Make sure they're not on unless you want them to be!
- Automation to set a schedule for your devices to turn on and off, so that you know certain devices are off when you’re gone.
- Artificial Intelligence. Certain devices have the ability to learn your preferences, set schedules, and adjust based on your standard usage; ultimately reducing energy waste and saving you money along the way.
For example, after you use the Nest Learning Thermostat for a week, the device will learn what temperatures you like and when you like them. Then it programs itself and creates a schedule for you. The Nest Thermostat even learns from your home and figures out how it heats and cools, because no two homes are exactly the same, and automatically adjusts to the temperature of your home. According to Nest, the Thermostat can save 10% - 12% on heating and 15% on cooling for an estimated $131 - $145 average savings per year!