Why Smart Thermostats Are Worth It

If you want a way to spend less money and energy in your home, it may be a wise investment to research getting a smart thermostat. These gadgets can do everything from track when you leave the house, so that it doesn’t throw away electricity heating or cooling an empty home, to changing energy usage based on how many people are in a room or what time of day it is. 

We’ll cover what a smart thermostat is, how it works and why it’s worthwhile 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 an automated device that allows you to do everything from adjusting 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 a vacant home. 

Most smart thermostats have learning capabilities, which means they pay attention to how you adjust your settings and make automatic adjustments over time 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, such as Google Home, Amazon Alexa and Apple HomeKit, for improved control over your comfort. They’re compatible with most systems, such as home heating and air conditioning. 

Smart thermostat features consist of a temperature sensor that can detect when the home is vacant, and then automatically change 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 tasks like adapt 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 long 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 change 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 change the temperature setting before you left. It doesn’t require much effort on your part, but you’ll see 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 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 similar schedule on a programmable thermostat. But it’s more work to program your thermostat by hand. 

A smart thermostat conveniently adjusts and progressively changes the temperature inside your home for the biggest energy savings. If you manually adjust a programmable thermostat, you can overload your HVAC system and make it work harder to meet your changes. 

Do Smart Thermostats Save Energy? 

Yes, since your smart thermostat will learn from your temperature preferences and day-to-day activities 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 get identical 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. 

Suggested Temperature Settings for Your Heating System 

  • Wake: Below 70 degrees. 
  • Day: Set back at least 8 degrees, if no one is there. 
  • Evening: Higher 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: Lower than 78 degrees. 
  • Sleep: Set up at least 4 degrees. 

To sum up, you don’t have to get 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 expense of your comfort and convenience.  

Do Smart Thermostats Save Money

Nest, one of the most popular smart thermostat manufacturers, says its smart thermostat saves U.S. households about: 

  • 10-12% on your heating bill 
  • 15% on your cooling bill 
  • $131 to $145 on your energy bill annually 

Your smart thermostat will give you a monthly heating and cooling report, which often 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 desired temperature settings. You might experience average savings, significant savings or somewhere in between. 

If you’re finding you’re only seeing minimal savings on energy costs, you might be optimizing for energy efficiency already. This includes switching off your HVAC system when you’re not at home or moving your thermostat up/down when you’re sleeping. 

Smart thermostats make the process easy through their hands-off process that gradually 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 automatic, energy-efficient schedule. 

How to Get a Smart Thermostat Rebate 

Most utility companies give rebates to homeowners who purchase 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 expense. To learn more, visit 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 long run. If you’ve been thinking about getting one and want to know if they run as promised, we offer free home comfort assessments. Call our Experts at 866-397-3787 to request yours today!