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The Home Depot Foundation — the philanthropic arm of the homeimprovement retail conglomerate — announced that it is investing $10 million for the purpose of enabling older military veterans to age in place in their homes. Smart-hometechnology is becoming an increasingly important component of aging in place.
There is another enhancement that many sellers may not consider: the addition of smart-hometechnology. The smart-home market is surging, with an annual global growth rate of 16% to a forecast of more than $260B in 2024 – and more than double that sum by 2030. Smart tech in the home comes with costs and considerations.
Our state has an ambitious target of achieving zero fossil-fuel greenhouse emissions in all homes and buildings by 2030. Total electrification of a community – including both new and existing buildings – is likely several decades away, yet the technology continues to improve as costs decline.
Additionally, the Washington Legislature budgeted $103M in public charging infrastructure in 2022 – all while the state passed a law last year that bans the sale of new gas-powered vehicles by 2030. I developed a guide called Smart-homeTechnology: Planning and budgeting for the newest advances in safe living.
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