GE Testing Energy Efficiency Of Smart Homes

“The $5 million Department of Energy program will equip homeowners in the western U.S. with GE’s Nucleus home electricity management system, with LED lighting, and with connected appliances. Homes will also be equipped with solar panels.
The project will evaluate whether the combination of on-site power production through solar and energy management technology can reduce energy usage by 70 percent in both new and existing homes, according to GE.
Basing calculations on U.S. averages of about 11,000 kilowatt-hours of power consumption per year and a rate of 11.33 cents per kilowatt-hour, the savings from a 70 percent reduction would be over $850 a year.”