Smart home technology has come a long way since Bill Gates spent more than $60 million on his 66,000-square foot smart and connected home. They have the smart algorithms and computing power to bring more energy efficiencies, comforts, security and entertainment to your home. The new generation was designed to be part of the smart home with the ability to connect to the Internet of Things (IoT) - the interconnection of everyday devices via the Internet. Smart meters can do much more than track your electricity and gas usage. Though more than half of US households now have advanced smart meters installed, many of these meters are still acting dumb. While old-fashioned electricity and gas meters sit under the stairs and interact only with the utility meter reader, digitized smart home devices are becoming part of our daily lives, controlling our room temperature and lighting our home, percolating our morning coffee and even starting the laundry.Ī smart energy meter puts you in control of your living environment by tallying your energy use and costs in real or near-real time, enabling you to adjust your energy usage during peak usage times when the price per kWh of electricity or Btu of gas is high, and charge your electric car during low peak times. Tens of thousands of electricity consumers are switching to smart meters each month to lower their electricity bills.
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