Ranking of Energy Saving Devices for Smart Homes according to their Payback Time

  • Astrid Felderer (Contributor)
  • Brandtweiner, R. (Contributor)
  • Andrea Hoetl (Contributor)

Activity: Talk or presentationScience to science

Description

This paper discusses the average energy savings of various smart devices in connection with their average price. By calculating the devices’ payback times, a ranking of the tools can be given. The whole study focuses on the average household within the EU-28 in terms of climate as well as in terms of user behaviour. The purpose of the research was to provide a win-win situation for users’ wallets and the environment by showing the device which suits both players best. As a result of the research, it was found that the greatest reduction in energy consumption can be reached by an interaction of the smart device and the inhabitants of a smart home. By giving users feedback on their energy consumption through smart meters, average savings of 7.5% are reached. As a smart meter is available for about € 80, it has a payback time of only 4.24 months.
Keywords: Smart home devices, payback time, energy consumption, energy saving, smart homes
Period4 Sept 20186 Sept 2018
Event titleSustainable Development and Planning 2018
Event typeUnkonwn
Degree of RecognitionInternational

Austrian Classification of Fields of Science and Technology (ÖFOS)

  • 508009 Media research
  • 502048 Business ethics
  • 508007 Communication science
  • 508
  • 502052 Business administration