Why Smart Thermostats Are Worth It
If you want a way to spend less money and energy in your home, it might be a worthwhile investment to explore getting a smart thermostat. These devices can do everything from track when you leave the house, so that it doesn’t waste electricity heating or cooling a vacant home, to adjusting energy usage according to 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 worth it to invest in one. We’ll also discuss how it can help you save money on your energy bills by lowering energy consumption.
What Is a Smart Thermostat?
A smart thermostat is a programmable device that allows you to do everything from adjusting your heating and cooling settings for various times of day, to tracking when people are in the house, so it isn’t needlessly consuming energy by heating or cooling a vacant home.
Most smart thermostats have learning abilities, which means they pay attention to how you change your settings and make automatic adjustments over time based on what they learn from you.
A smart thermostat links to Wi-Fi, so you’ll be able to change and keep track of your energy usage from just about anyplace.
How Do Smart Thermostats Work?
A smart thermostat has learning algorithms and can hook up with other smart home technology, such as Google Home, Amazon Alexa and Apple HomeKit, for even better control over your comfort. They work with most systems, including home heating and air conditioning.
Smart thermostat features include a temperature sensor that can detect when the home is vacant, and then automatically change to an energy-efficient setting. Your smart thermostat may be able to geofence with your phone to know when you’re at home or away.
A smart thermostat does tasks like adjust more for rooms that are occupied 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 used.
Are Smart Thermostats Worth It?
For some people, the answer is yes. If you do a lot of travel or are gone for many hours during the day, it may be worth your money to get one of these thermostats. You could save a lot, 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 worry about whether your smart thermostat is on the appropriate program, or if you remembered to adjust the temperature setting before you went out. It doesn’t require a lot of effort from you, but you’ll notice it in lower energy bills.
Smart Thermostats vs. Programmable Thermostats
Many homeowners have a standard programmable thermostat, but 40% of them aren’t set correctly. This means you might be missing opportunities to save on heating and cooling costs.
Smart thermostats are convenient because they learn your schedule and automate heating and cooling that corresponds. You can set a comparable schedule on a programmable thermostat. But it’s more effort to program your thermostat by hand.
A smart thermostat automatically adjusts and gradually changes the temperature inside your home for the biggest energy savings. If you manually change a programmable thermostat, you can overburden your HVAC system and make it work harder to meet your adjustments.
Do Smart Thermostats Save Energy?
Yes, because your smart thermostat will learn from your temperature preferences and routine to make a schedule that reduces heating and cooling costs. You don’t have to do much as your thermostat does all the work for you while saving money.
You can acquire the same energy savings with a programmable thermostat, but it’s going to require a little bit more effort than a smart thermostat. To put together a schedule on programmable models, we advise following these recommendations from ENERGY STAR® to save energy.
Recommended Temperature Settings for Your Heating System
- Wake: Below 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.
Suggested Temperature Settings for Your Cooling System
- Wake: Higher than 78 degrees.
- Day: Set up at least 7 degrees, if no one is home.
- Evening: Cooler than 78 degrees.
- Sleep: Increase at least 4 degrees.
To sum up, 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 essential to know that any savings may come at the expense of your comfort and convenience.
Do Smart Thermostats Save Money
Nest, one of the most prominent smart thermostat manufacturers, states 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 possible savings differ based on your house, where you live, how much insulation you have and your desired temperature settings. You might see average savings, significant savings or somewhere in the middle.
If you’re finding you’re only seeing small savings on energy costs, you might be optimizing for energy efficiency already. This includes turning off your HVAC system when you’re not at home or turning your thermostat up/down when you’re sleeping.
Smart thermostats make the process simple through their hands-off process that gradually shifts the temperature. If you’re at home often, 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 install energy-saving, ENERGY STAR-certified equipment such as a smart thermostat. The rebate total varies by company, but in many instances, it will cover most or all the cost. To learn more, check your utility company’s website for rebate information.
Trust 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 thinking about getting one and want to know if they work as promised, we provide free home comfort assessments. Call our Experts at 866-397-3787 to request yours now!
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