diff --git a/esphome/components/wifi/wifi_component.cpp b/esphome/components/wifi/wifi_component.cpp
index a5e8c4a59d..1560a0dc58 100644
--- a/esphome/components/wifi/wifi_component.cpp
+++ b/esphome/components/wifi/wifi_component.cpp
@@ -28,6 +28,7 @@
 #include "esphome/core/helpers.h"
 #include "esphome/core/log.h"
 #include "esphome/core/util.h"
+#include "esphome/core/version.h"
 
 #ifdef USE_CAPTIVE_PORTAL
 #include "esphome/components/captive_portal/captive_portal.h"
@@ -375,7 +376,7 @@ void WiFiComponent::start() {
                 get_mac_address_pretty_into_buffer(mac_s));
   this->last_connected_ = millis();
 
-  uint32_t hash = this->has_sta() ? fnv1_hash(App.get_compilation_time_ref().c_str()) : 88491487UL;
+  uint32_t hash = this->has_sta() ? fnv1a_hash_extend(App.get_config_hash(), ESPHOME_VERSION) : 88491487UL;
 
   this->pref_ = global_preferences->make_preference<wifi::SavedWifiSettings>(hash, true);
 #ifdef USE_WIFI_FAST_CONNECT