The cost of a smart home system depends on how “smart” of an environment you want to create at your home. DIY projects related to the Smart Home networks, such as Amazon’s Alexa or Google Nest, cost between $100 and $1000. These Smart Home Networks, on their own, are already capable of significantly increasing your everyday convenience. However, more complex installations applicable to brand new homes might bring the cost of a Smart Home system up to $10,000 or even higher, depending on the size of your home. On average, for the more complex, wired systems, the cost of human labor per hour is $85.
How much does a smart home system cost?
Costs of the most common home entertainment and comfort improvements:
- smart home hubs – between $100-$1000.
- smart TV or audio system – starting at around $100 for a basic improvement and can reach up to $2000.
- connected appliances – starting at $100 for a smart thermostat to around $500 with a set of wireless smoke detectors. $1500 for a complete smart energy-saving lighting setup.
- smart outlets and plugs – between $20 – $100 for a smart unit without the cost of installation (it is possible to do it yourself).
Moreover, the cost of a smart home system also depends on the kind of network it uses to operate. A Wi-Fi-based smart home system might also require an upgrade of your wireless Internet network at home to allow all of the integrated devices to have sufficient access to the network. If you do not want to play around with your Wi-Fi at home and change the routers you might be interested in ZigBee based smart home environment.