Pave the way for sustainable smart homes: A reliable hybrid AC/DC electricity infrastructure

Ardalan, Chenour; Vahidinasab, Vahid; Safdarian, Amir; Shafie‐khah, Miadreza; Catalão, João P.S.

doi:10.1016/j.epsr.2022.108128

Cited by 5 publications

(1 citation statement)

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“…On the other hand, the possibility of long-term reductions in energy use and operational effectiveness makes a strong argument for the financial sustainability of these expenditures. Convenience, energy efficiency, and, in some situations, environmental sustainability are the main goals of smart gadgets [6]- [10]. This article does a thorough cost-benefit analysis in an effort to objectively evaluate the economic viability of smart home investments.…”

Section: Introductionmentioning

confidence: 99%

The Economic Viability of Smart Home Investments: A Cost-Benefit Analysis

Larionova,

Sharma,

Nijhawan

et al. 2024

BIO Web Conf.

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This study report performed a thorough data-driven analysis to evaluate the economic sustainability of smart home investments in the quickly changing residential living scene. The research provided a comprehensive view of the financial ramifications of implementing smart home technology by taking into account initial investment costs, energy savings, maintenance and operating expenditures, and user satisfaction. The results show a considerable potential for improved user happiness and energy savings, which supports the financial viability of smart home investments. The findings highlight the multifarious significance of these technologies in establishing more practical and efficient living environments and provide insightful information for policymakers, industry stakeholders, and homeowners.

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Section: Introductionmentioning

confidence: 99%