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Inflation: Here's how Hilo can make you money

July 19, 2024  3 minutes reading

The inflationary period we’re currently experiencing is forcing us all to revise our spending habits and better manage our finances. Luckily there are practical solutions for gaining significant savings. Meet Hilo, you new ally when it comes to consuming less and more wisely—it can even put more cash in your pocket!

Starting off on the right foot

By subscribing to the smart home service, you’ve already received your first gift: We provide you with the Starter Kit, which includes the hub (to connect your devices) and two smart plug-in switches, free of charge. Plus, you pay a lower price for thermostats ($39.99 each, as opposed to the regular price of $109.99) in exchange for agreeing to participate in Hilo challenges during the winter season. It’s up to you to decide how many thermostats you need based on the size of your home!

Let’s all pitch in together

During peak periods in winter, everyone is using energy at the same time, which puts pressure on the power grid. However, we can also play a part in reducing that pressure by reducing our energy consumption.

One surefire way of doing your part is to take consumption reduction challenges using Hilo thermostats or compatible thermostats. Each winter, Hilo invites you to take up to 30 challenges in Moderate, Intrepid or Extreme mode. The choice is yours! At the end of the season, cash rewards are automatically sent to you. In the 2023-2024 season, participating households received an average of $135 in rewards. Sounds good, doesn’t it?

And the advantages don’t stop there! By using connected devices and controlling them remotely, you can save up to 15% on your annual electricity bill. Estimate how much your savings might be today!

An investment that can quickly pay off

Mr. Levert, owner of a detached home

  • Starter Kit, including the hub and 2 smart plug-in switches: $0
  • 7 thermostats × $39.99 = $279.93
  • Installation: $0
  • Solution for electric vehicle recharging: $0 
  • Total of Hilo purchases before taxes: $279.93 

 

  • Electricity costs per year: $1,600 
  • Savings on annual electricity bill: $240 
  • Rewards for Hilo challenges: $178 
  • Savings + rewards in one year = $418 

Mrs. Sansoucy, owner of a condo

  • Starter Kit, including the hub and 2 smart plug-in switches: $0 
  • 4 thermostats × $39.99 = $159.96 
  • Installation: $0
  • Total of Hilo purchases before taxes: $159.96 

 

  • Electricity costs per year: $1,150
  • Savings on annual electricity bill: $172 
  • Rewards for Hilo challenges: $67 
  • Savings + rewards in one year = $239

Joining Hilo can quickly turn into a good investment since you’ll earn both energy savings and rewards, year after year. It’s a little gesture that could help you pay for a few nice trips or any other goals you may have!