As consumers continue to become more conscious of their personal energy consumption, many have looked to incorporate efficient appliances and features into theirÂ homes. Aside from basic power-saving light bulbs and low-flow toilets, another item many first time home buyers may benefit from using is a smart meterÂ which allows for the real-time display of electricityÂ usage.
The smart meter is similar in size and operation to standard meters, but gives consumers greater control over their energy consumption, through a number of benefits.
Heightened Sense of Control
âAÂ number of digitalÂ applications available forÂ smart phones, tablets and computersÂ can be utilized to instantly evaluate the level of energy usage for entire houses – and in some cases, individual rooms on their own. Homeowners can see the impact unnecessary consumption can have on their monthly bills. Because of this, many of those who have incorporated smart meters into their homeâs electrical systems have been using less power – turning the thermostat down and lights off when they leave rooms.
Instant Reporting of Consumption Levels
The smart meter enables utility companies to get instant reports on usage without having to visit the residence, as internal communication systems digitally transmit details of consumption. This facilitates the reporting of information, and reduces the need for a company representative to make regular visits to individual residences. These lessened operational costs could be passed on to consumers through lower rates or reward incentives for decreased usage levels.
Â Reduce Dependence on Power Plants
The leading energy producers in the U.S.Â are supposedly coal-burning plants, which has a drastic effectÂ on the environment and atmosphere due to emissions. Although solar and wind energy have gained in popularity during recent years, fossil fuels are still the driving force behind the majority of the nation’s power. Energy providers who implement time-based rates can avoid over-use during peak times, which can save them and their customers a considerable amount of energy.
Homeowners considering installing a smart meter at their residences may be able to acquire theÂ necessaryÂ funds through FHA or VA loans. The installation should not take more than one day, and consumers can immediately begin monitoring their usage and taking proactive steps toward decreasing the monthly payments.
Freedom Mortgage knows that owning a home is a huge undertaking and you may find yourself getting a little overwhelmed once in a while. Staying current on mortgage loan rates and tips for improving your home value is the best defense against an ever-changing housing market.
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