Are you thinking about installing a solar power array? Want to maximize energy efficiency? Then you may be interested in a home energy management system (HEMS).
A home energy management system is designed to improve household energy use, but these systems aren’t cheap. Before you make an investment in a home energy management system take a few minutes to learn more about what a HEMS can do and how you could benefit from using one.
The Basics About Home Energy Management Systems
The home energy management system global market is growing rapidly. It was a $2.1 billion industry in 2021 but is expected to reach $6.8 billion by 2027. It’s a clear sign that as energy prices increase, more people are looking for ways to curb consumption.
The primary objective of a home energy management system is to better manage energy use to improve efficiency. The HEMS does this by gathering information then using that information to:
- Analyze how energy is used in the home.
- Measure the energy requirements of appliances and systems.
- Measure the energy consumption of appliances and devices.
- Coordinate the operation of electrical components including solar panels and appliances.
- Optimize energy consumption by automating systems.
- Sync and manage smart devices.
- Manage home batteries and backup power supplies.
- Analyze local utility data to adjust use based on current energy demand.
If you have solar panels you can do even more with a home energy management system. One big advantage is being able to balance out and distribute solar power throughout the day. It helps overcome the issue of inconsistent energy production. And when you produce energy with your solar panels the HEMS can determine whether it should be used, stored or redistributed to the electrical grid.
Installing a home energy management system can reduce energy use by 5-10%. You’ll also have peace of mind knowing that you’re using energy in a more sustainable way that helps decrease demand that is getting harder to meet. Plus, reducing energy use can help extend the life of your appliances, saving you even more money in the long run.
How a Home Energy Management System Improves Efficiency
A home energy management system is a sophisticated setup that can accomplish some pretty amazing things. But how does a HEMS do it?
HEMS Software – The Brains of the System
A home energy management system is powered by innovative software. Without the software nothing is possible. The software’s algorithms are able to analyze massive amounts of data in real time. It then converts the data into reports that can be easily read and used to make energy efficiency updates. The software can even identify trends in the data and make predictions about future energy consumption.
A home energy management system is analyzing more than just your energy use. To make the best predictions and adjustments HEMS software also measures:
- Weather Conditions – The weather is going to have a big influence on energy use and needs. That’s why a HEMS constantly monitors current weather conditions. It’s the best way to balance comfort and efficiency.
- Availability of Electricity and Demand – If the grid gets strained a home energy management system can help ease the load. By measuring demand and the availability of electricity a HEMS can adjust energy use and tap into stored power if the home has solar panels.
- Current Energy Rates – A home energy management system can also take energy rates into consideration to determine the best way to automate systems. If you have a time-of-use or variable rate plan this feature can help you reduce energy costs even if you don’t use less energy.
The Parts of a Home Energy Management System
The software is the brains of the HEMS operation, but it can’t do everything on its own. Other components are needed to make the system operable so that it can provide you with actionable information. The two other key components of a home energy management system are:
The Hub – The Heart of the System
The software connects to a hub in order to gather all of the data it analyzes. The hub is a device that is installed at the electric panel. It’s like a middle man that relays data from the panel to the software.
Internet-Connected Device – The Interface of the System
The software and hub gather data, but the information doesn’t do much good if you can’t read it. That’s where an internet-connected device comes into play. A device is needed to interact with the software so that the data can be read. Using a corresponding app you can get energy data reports, see changes in energy use and receive suggestions on how to reduce energy consumption.
Provider Power customers can receive data on energy use even if they don’t have a home energy management system. Each month we’ll provide you with valuable information on how you consume energy so that you can reduce use and lower monthly costs.
Check to see which Provider Power energy plans are available in your area.