It’s exciting to see the vacation rental industry embracing the benefits of smart home control.
The positive response to PointCentral from VRMs is universal…and much appreciated. 🙂 As excited as everyone is about the technology, I still get one burning question that I cannot offer a sufficient answer to.
“I know PointCentral mentions a 10-15% savings in monthly energy bills with the Energy Management solution, but can you show me data? Can you show me the savings from a vacation rental home using the PointCentral system?”
This question gnaws at me. Not because it’s a bad question. On the contrary; it’s a great question. And I need an answer to this.
I’m working on it. I will have an answer soon.
In the meantime, as I prepare some data analysis for vacation rental energy management, I want to share some anecdotal evidence to whet your energy/money saving appetite.
A number of links to demonstrate the value of energy management and a bit of commentary from your’s truly.
As you’ll see, energy management creates real dollar savings and offers a significant contribution to covering the costs of your investment in smart home technology.
- Operational Improvements
- Immediate money/energy savings
- Reduced wear and tear on equipment
- Happy Homeowners
- Revenue Opportunity.
1. Home Automation = Reduced Energy + Increased Savings: Previous PointCentral blog post discussing energy savings.
2. [Case Study] Smart Control & Energy Management for Commercial Offices: PointCentral case study across a group of commercial offices. Spoiler: 18% savings on energy bills.
3. Ever Considered the Climate in Your Room? [Infographic]: Great infographic demonstrating average energy wastes and potential to save energy and money with smart home control. Spoiler: Estimated at 30% savings!
4. Smart Houses Help Reduce Energy Use & Save Money: Huffington Post article demonstrating the value of smart home control and energy management. A few key highlights…
According to Home Energy Saver, an online government resource that promotes energy efficiency, Americans spend a striking $241 billion on energy each year. That’s an annual $2,100 per household.
Home automation is a simple way to shave your energy bill, since it cuts out common ‘human error’ mistakes that inflate energy bills[.]
Program your thermostat. According to the U.S. Department of Energy, heating and cooling requires the most energy in a home, accounting for about 54 percent of a household’s utility bill.
5. Smart Thermostats Turn Up the Heat on Utilities: Great article from Environment & Energy Publishing discussing the big potential of smart thermostats. Spoiler: Towards the end, you may even see a mention of PointCentral! Some highlights…
- The thermostat controls residential heating and cooling, which represents 9 percent of U.S. primary energy use. If it does a better job, it could nudge downward the carbon footprint of the entire industrialized world.
- Editor’s Note: Helping the world “go green”?! Bold statement. But a strong element of truth.
- “This is a much bigger play than just the thermostat,” said Kevin Meagher, the general manager of smart homes for Lowe’s. “It’s a potentially huge opportunity, and it’s likely to reinvent many markets.”
- In some cases, the market is beginning to move without mandates. For example, PointCentral, a company owned by Alarm.com, has a business in providing keyless door locks and remote-controlled thermostats to managers of vacation homes. A remote-controlled thermostat is a compelling tool at a residence that sits unoccupied for months in the low season, and in the high season is subject to the climate-control whims of tenant after tenant.
- “From an energy perspective, there’s a huge opportunity to save money, not to mention not running around making sure that 1,400 thermostats are off,” said Adam Norko, the company’s sales director.
- So far, the energy-saving potential of thermostats has been achieved in only two rare types of homes. The first belong to homeowners who have suffered through the instruction manual and wrestled their programmable thermostats into submission. The second is the small but growing number of dwellings where the thermostats do the thinking.
6. Hotel Examples:
- Hotel Saves More than $100k with Smart Energy Management: After the [smart energy management] installation, annual guestroom electricity costs at Galt House Hotel dropped 39%, from $261,733 to $160,467.
- Crowne Plaza Saves $100K+ Per Year with Energy Management: Implementation of the energy management system reduced HVAC equipment runtime by 24% as well as providing annual savings of $112,182.
7. Department of Energy (DOE): So, what does the government have to say about energy savings with smart thermostats? This is a bit outdated, but here’s what the DOE has to say about programmable thermostats…not nearly as effective as smart thermostats, but some good savings…
- You can easily save energy in the winter by setting the thermostat to 68°F while you’re awake and setting it lower while you’re asleep or away from home. By turning your thermostat back 10° to 15° for 8 hours, you can save 5% to 15% a year on your heating bill — a savings of as much as 1% for each degree if the setback period is eight hours long. The percentage of savings from setback is greater for buildings in milder climates than for those in more severe climates.
Alright, anecdotally, we can see there is a HUGE potential for energy and money savings with smart energy management for vacation rental homes.
But let’s see some real VR data! I’ll be back ASAP with some more concrete PointCentral data.
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