 A general framework for customized transition to smart homesMichael David de Souza Dutra, Miguel F. Anjos and Sébastien Le Digabel Energy, 2019, vol. 189, issue C Abstract: Smart homes have the potential to achieve efficient energy consumption: households can profit from appropriately scheduled consumption. By 2020, 35% of all households in North America and 20% in Europe are expected to become smart homes. Developing a smart home requires considerable investment, and the householders expect a positive return. In this context, this work addresses the following question: what and/or when equipment should be bought for a specific site to gain a positive return on the investment? This work proposes a framework to guide the smart-home transition considering customized electricity usage. The framework is based on linear models and gives a simple payback analysis of each combination of equipment acquisition for any specific user taking into account geographical location and local conditions. It also possible to use the framework for equipment sizing. The results quantify the dependence of the simple payback on the site and the application. Keywords: smart home; Energy management system; Simple payback; Return on investment; Optimization (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:189:y:2019:i:c:s036054421931833x DOI: 10.1016/j.energy.2019.116138 Access Statistics for this article Energy is currently edited by Henrik Lund and Mark J. Kaiser More articles in Energy from Elsevier |
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