Why Smart Thermostats Are Worth It
If you’re looking for a way to save money and energy in your home, it might be a worthwhile investment to explore getting a smart thermostat. These gadgets can do everything from monitor when you leave the house, so that it doesn’t throw away electricity heating or cooling a vacant home, to changing energy usage based on how many people are in a room or what time of day it is.
We’ll review what a smart thermostat is, how it works and why it’s worthwhile to invest in one. We’ll also talk about how it can help you spend less money on your energy bills by reducing energy consumption.
What Is a Smart Thermostat?
A smart thermostat is an automated device that allows you to do it all from changing your heating and cooling settings for different times of day, to tracking when people are in the house, so it isn’t needlessly consuming energy by heating or cooling an empty home.
Many smart thermostats have learning abilities, which means they pay attention to how you adjust your settings and make automatic adjustments as time passes based on what they learn from you.
A smart thermostat connects to Wi-Fi, so you’ll be able to change and keep track of your energy usage from just about anywhere.
How Do Smart Thermostats Work?
A smart thermostat has learning algorithms and can connect with other smart home technology, like Google Home, Amazon Alexa and Apple HomeKit, for improved control over your comfort. They work with most systems, including home heating and air conditioning.
Smart thermostat features include a temperature sensor that can tell when the home is empty, and then automatically adjust to an energy-efficient setting. Your smart thermostat might be able to geofence with your phone to know when you’re at home or away.
A smart thermostat does things like adapt more for rooms that are full or have more people in them, as well as monitor what time of day it is so it knows how much heating or air conditioning should be going.
Are Smart Thermostats Worth It?
For some people, the answer is yes. If you do a lot of traveling or are gone for many hours during the day, it may be worth your money to invest in one of these devices. You could save a significant amount, especially if you forget to adjust it when you leave for the office or go out of town for the weekend.
You won’t have to be concerned about whether your smart thermostat is on the right program, or if you remembered to adjust the temperature setting before you left. It doesn’t require much effort on your part, but you’ll notice it in lower energy bills.
Smart Thermostats vs. Programmable Thermostats
Most homeowners have a standard programmable thermostat, but 40% of them aren’t set properly. This means you might be missing chances to save on heating and cooling costs.
Smart thermostats are handy because they adjust to your schedule and automate heating and cooling that corresponds. You can set a similar schedule on a programmable thermostat. But it’s more work to program your thermostat manually.
A smart thermostat conveniently adjusts and progressively changes the temperature inside your home for the greatest energy savings. If you manually change a programmable thermostat, you can overburden your HVAC system and make it work harder to meet your changes.
Do Smart Thermostats Save Energy?
Yes, since your smart thermostat will learn about your temperature preferences and day-to-day activities to make a schedule that saves on heating and cooling costs. You don’t have to do much as your thermostat does all the work for you while conserving money.
You can get identical energy savings with a programmable thermostat, but it’s going to take a little bit more effort than a smart thermostat. To put together a schedule on programmable models, we suggest following these recommendations from ENERGY STAR® to save energy.
Recommended Temperature Settings for Your Heating System
- Wake: Under 70 degrees.
- Day: Set back at least 8 degrees, if no one is home.
- Evening: Greater than 70 degrees.
- Sleep: Set back at least 8 degrees.
Recommended Temperature Settings for Your Cooling System
- Wake: Higher than 78 degrees.
- Day: Set up at least 7 degrees, if no one is there.
- Evening: Cooler than 78 degrees.
- Sleep: Set up at least 4 degrees.
As you can see, you don’t have to buy a smart thermostat to spend less on your energy bill. All you need is a programmable thermostat, but it’s important to note that any savings may come at the cost of your comfort and convenience.
Do Smart Thermostats Save Money
Nest, one of the most prominent smart thermostat manufacturers, says its smart thermostat saves U.S. homeowners about:
- 10-12% on your heating bill
- 15% on your cooling bill
- $131 to $145 on your energy bill annually
Your smart thermostat will provide you with a monthly heating and cooling report, which usually compares you to other residences in your community.
Your potential savings differ based on your house, where you live, how much insulation you have and your preferred temperature settings. You might experience average savings, significant savings or somewhere in the middle.
If you’re noticing you’re only seeing small savings on energy costs, you might be optimizing for energy efficiency currently. This includes switching off your HVAC system when you’re not at home or turning your thermostat up/down when you’re asleep.
Smart thermostats make the process easy through their hands-off process that slowly shifts the temperature. If you’re at home a lot, it might not save you much on energy costs as is the point in an automated, energy-efficient schedule.
How to Get a Smart Thermostat Rebate
Many utility companies give rebates to homeowners who purchase energy-saving, ENERGY STAR-certified equipment like a smart thermostat. The rebate total varies by company, but in most instances, it will cover most or all the cost. To find out more, check your utility company’s website for rebate info.
Depend On the Experts for Your Smart Thermostat Needs
Getting a smart thermostat is an investment, but it can help you spend less money in the end. If you’ve been considering installing one and want to know if they work as promised, we offer free home comfort assessments. Call our Experts at 866-397-3787 to schedule yours today!
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