The Impact of Smart Home Technologies on Energy Efficiency, Cost Savings, and Environmental Benefits

Abstract

The results of this study addressed the effectiveness of smart home technologies in terms of energy consumption, cost reduction, and environmental advantages in Nigerian homes. Given the growing energy requirements and concern for the environment, assessing the efficiency of such technologies is critical for socioeconomic development. We collected data using a combination of surveys and statistical analysis in five major Nigerian cities: Lagos, Abuja, Kano, Port Harcourt, and Enugu. We evaluated smart home technologies such as smart thermostats, lighting systems, appliances, plugs, and energy monitoring systems based on their energy savings (%), monthly cost savings (NGN), kilogram of CO2 emissions cut, and percent adoption. We used descriptive analysis and regression modeling to analyze the data collected from the respondents. The introduction of smart technologies reduced general energy use by fifteen to twenty-five percent, with smart appliances recording the highest reduction of up to 25%. This feature demonstrated how monthly cost savings varied depending on the technology and geographical location, resulting in significant increases of up to 4000 NGN per household, each household saw a reduction in CO2 emissions by 500 kg to 700 kg annually, resulting in significant environmental benefits. According to the studies, smart home technologies can help promote energy conservation and therefore reduce CO2 emissions in Nigerian households. However, there are still widely recognized obstacles, like high initial costs and a low level of awareness. offering financial incentives, improving Information Promotion of existing policies and overhauling the distribution systems to increase the pace of uptake and impact returns.