Most smart home devices use very little electricity on their own — their standby and active power draw is a fraction of the appliances they control. The question worth asking is whether smart home automation increases or decreases overall energy consumption in your home, not whether the smart devices themselves are a significant load.
Smart home devices typically reduce electricity bills when they automate the control of high-consumption loads — HVAC, lighting, and EV charging scheduled to off-peak rates. Ontario’s time-of-use pricing means shifting an EV charge or laundry cycle to overnight off-peak can save more per year than all smart device standby loads combined. The devices themselves are not the energy story; what they control is.
Electrician Since 2008 Journeyman Electrician Designated Master Electrician at EZSMART Corp