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The average cost of a home security system is about $700, ranging from $280 to $1,150. Costs to consider include equipment, surveillance fees, and other additional features. Cost factors that determine your system’s price include the type of security system, materials, labor, activation fees, monthly fees, and permits. Additional features and upgrades may include:

• Video surveillance monitoring: $40–$65 per month

• Smart home locks: $150

• Smart home lighting: $15–$90

• Smart smoke, fire, and carbon monoxide alarms: $35–$100

• Smart thermostat: $130–$500

Yes, a home security system can be worth it for your peace of mind alone, but it can also save you up to 20% on your home insurance. The insurance savings will help defray the initial setup costs and subscription costs over time. Locations with higher crime rates also make home security systems a valuable investment, but it ultimately depends on your personal preferences and asset values.

Qualified, licensed electricians will charge from $50 to $100 per hour. The cost to hire an electrician for emergency visits may range from $100 to $200 per hour because this urgent service usually takes place during off hours and may require an electrician to leave or reschedule jobs they’re currently working on. Scheduling work on holidays or during periods of high customer demand, like after a major storm, will also lead to higher rates or extra fees.

An accredited, licensed smart home specialist should install your home automation system. For example, a qualified smart home specialist will belong to an organization like the Custom Electronic Design & Installation Association. Licenses for qualified technicians require the technician to demonstrate experience and pass state testing. If you’re ready to install a home automation system, consult multiple technicians in your area to compare services and prices and find the best fit for your job.

The average cost of a home automation system is around $950, but typically ranges from $200 to $1,700, depending on the brand, system features, system size, home size, and location. The highest-end home automation systems can cost anywhere from $10,000 to $150,000, including smart appliances like refrigerators, dishwashers, and ovens that require installing extensive wiring. Any subscriptions for maintenance services will also impact the cost of a home automation system.