What smart home devices have the best ROI?

Smart thermostats (Nest, ecobee) offer the best ROI: average 10–15% energy savings worth $150–$200/year on a $1,500 annual bill. Payback period: 1–2 years on a $200 device.

Do smart lights save money?

Smart LED bulbs save electricity versus incandescent but cost more than regular LEDs. The financial benefit is mainly convenience. Energy savings versus standard LED are minimal ($5–20/year).

Smart Home Free Online Calculator and Tools

How It Works

Calculate the return on investment for smart home devices. Compare smart thermostat, smart lighting, and smart plugs against their purchase cost using energy savings and convenience value

Each component has a specific meaning:

Energy savings — The energy savings recorded for the scenario being assessed.
Convenience value — The convenience value recorded for the scenario being assessed.

Note: Interpret the smart home device roi result against the thresholds and context described above.

How to Use

Enter the energy savings, convenience value for the scenario you are assessing. Calculate the return on investment for smart home devices. Compare smart thermostat, smart lighting, and smart plugs against their purchase cost using energy savings and convenience value. Use the smart home device roi result to inform your calculation.

Smart Home Device ROI Calculator

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