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

Felderer, Astrid and Brandtweiner, Roman and Hoeltl, Andrea (2018) Ranking of Energy Saving Devices for Smart Homes according to their Payback Time. In: WIT Transactions on Ecology and the Environment, Vol. 217. WITPress, Southampton, Boston. pp. 389-399. ISBN 1743-3541

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Abstract

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 Euro 80, it has a payback time of only 4.24 months.

Item Type: Book Section
Keywords: Smart home devices, payback time, energy consumption, energy saving, smart homes
Divisions: Departments > Informationsverarbeitung u Prozessmanag. > Information Management and Control
Version of the Document: Published
Depositing User: Gertraud Novotny
Date Deposited: 21 Dec 2018 10:35
Last Modified: 03 Jan 2019 10:48
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/88684/
URI: https://epub.wu.ac.at/id/eprint/6759

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