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In this paper, a real time implementable load coordination strategy is developed for the optimization of electric demands in a smart home. The strategy minimizes the electricity cost to the home owner, while limiting the disruptions associated with the deferring of flexible power loads. A multi-objective nonlinear mixed integer programming is formulated as a sequential model predictive control, which is then solved using genetic algorithm. The load shifting benefits obtained by deploying an advanced coordination strategy are compared against a baseline controller for various home characteristics, such as location, size and equipment. The simulation study shows that the deployment of the smart home energy management strategy achieves approximately 5% reduction in grid cost compared to a baseline strategy. This is achieved by deferring approximately 50% of the flexible loads, which is possible due to the use of the stationary energy storage. • Real-time load coordination strategy for optimizing electrical loads in smart homes. • Inclusion of renewable energy sources and stationary batteries in the coordination. • Definition of generalizable metrics for the evaluation of load shifting strategy. • Improvements in improved energy efficiency and reduced electricity costs. • Comprehensive analysis that considers diverse home characteristics such as location. [ABSTRACT FROM AUTHOR]