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ADT monitoring costs start at $27. 99 per month, Boyce said. While close to two thirds of the home security industry is still controlled by local and regional players, the growth potential has attracted some large companies and brought consolidation. Most notably, Amazon this year acquired home security brands Blink and Ring—startups that offer web connected doorbells and cameras—and announced a home security offering with monthly monitoring as low as $10. The move “is high up on the radars of people in this industry,” said Jillian Bateman, chief development officer of the Electronic Security Association, a national trade group. “Amazon is absolutely a disrupter, so we’re very closely monitoring what they’re doing,” Bateman said. “It will be interesting to see if people trust Amazon with their home security. ”Some think traditional security companies should be concerned. “The difference is their reach,” Chris Johnson, president of the Direct to Consumer Division of Brinks Home Security, said at a recent industry panel. “As much as we have seen of the SimpliSafe TV commercials, that reach is nothing compared to Amazon,” he said. “We need to figure out what our competitive advantage is, because the sky might actually be falling this time.

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If you will be installing smoke alarms you’ll need the extra power of a 24 hour battery back up, not the 4 hour back up offered by many manufacturers. THE COST FOR SECURITY There are two costs to keep in mind when shopping for a home security system. The first is for the equipment and the installation, if you’re having it done by a professional. It can run from a few hundred dollars for a basic installation or less that half of that if you install it yourself to north of $1000 for a full feature system with specialized sensors and wireless smoke and CO detectors. The second is the monthly service charge that includes fees for software driven features and central station monitoring. It typically ranges between $35 and $60 per month.

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