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Smart home technology has grown in popularity over the last decade, ranging in cost and sophistication from basic appliances such as light bulbs and speakers to fully-fledged smart home solutions which encompass the entire property. This intelligent and intuitive technology offers homeowners a way to save money by reducing bills, ups the convenience factor, helps to create a stylish space and an even free up more time to spend on the important things, such as quality time with family.

However, there are many misconceptions that smart homes are only for the rich with the cost of smart technology initially costing a lot upfront. We are here to dispel this myth, as no matter what your budget is, you can still benefit from and save money by using smart technology. Here’s how:

Cut Heating Bills by 31% – Smart Thermostats

The most costly household bill tends to be heating, with heating and cooling accounting for up to half of the total home cost each month on average. By installing a smart thermostat, you can reduce your heating bills by up to 31%, equivalent to £130 of savings per year.

Smart thermostats work by responding to people’s presence in the home so that your heating is only on when you need it, as well as temperature sensors setting rooms to specific temperatures so that you feel comfortable all the time. Your smart thermostat will pay for itself within a year, making it a worthwhile investment for both the rich and budget-conscious.

Save £30 Per Lightbulb – Smart Lighting

After our heating bills comes our electricity bills, with lighting contributing to a large portion of this. Installing smart lighting with LED bulbs, which require 75% less energy on average, gives you the equivalent to saving £30 per lightbulb annually while also being better for the environment.

Aside from these savings, smart lighting gives you the ability to turn your lights on and off using your smartphone, voice, or through motion sensors. This ensures you’ll never waste electricity by leaving lighting on while not at home, which is a great prospect for the more frugal homeowner.

Cut Energy Bills by 16% – Smart Plug Sockets

Leaving plug sockets switched on while not in use contributes up to 16% of our energy bills, but this can be totally avoided by using smart power outlets that take your home to a whole new level. Aside from being able to turn your espresso machine on from your bed, you’ll also stop expending energy on appliances that aren’t currently in use.