Why Smart Thermostats Are Worth It
If you want a way to save 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 adjusting energy usage according to 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 worth it to purchase one. We’ll also talk about how it can help you spend less 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 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 wasting energy by heating or cooling a vacant home.
Many 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 links to Wi-Fi, so you’ll be able to adjust and keep track of your energy usage from just about anywhere.
How Do Smart Thermostats Work?
A smart thermostat has learning algorithms and can hook up with other smart home technology, like Google Home, Amazon Alexa and Apple HomeKit, for improved control over your comfort. They’re compatible with most systems, including home heating and air conditioning.
Smart thermostat features consist of a temperature sensor that can detect when the home is vacant, 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 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 going.
Are Smart Thermostats Worth It?
For some people, the answer is yes. If you do a lot of traveling or are gone for long 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 change it when you leave for work 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 a lot of effort on your part, but you’ll notice it in reduced energy bills.
Smart Thermostats vs. Programmable Thermostats
Many homeowners have a traditional 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 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 by hand.
A smart thermostat conveniently adjusts and gradually changes the temperature inside your home for the biggest energy savings. If you manually change 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 about 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 conserving money.
You can acquire identical energy savings with a programmable thermostat, but it’s going to require a little bit more work than a smart thermostat. To put together a schedule on programmable models, we advise following these guidelines 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: Higher 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 home.
- Evening: Lower than 78 degrees.
- Sleep: Increase 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 popular 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 possible savings differ based on your home, 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 noticing 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 turning your thermostat up/down when you’re asleep.
Smart thermostats make this simple through their hands-off process that slowly shifts the temperature. If you’re at home a lot, it might not save you money on energy costs as is the point in an automated, energy-efficient schedule.
How to Get a Smart Thermostat Rebate
Most utility companies offer rebates to homeowners who install energy-saving, ENERGY STAR-certified equipment like a smart thermostat. The rebate amount varies by company, but in many instances, it will cover most or all the cost. To find out more, visit your utility company’s website for rebate information.
Trust the Experts for Your Smart Thermostat Needs
Installing a smart thermostat is an investment, but it can help you spend less money in the long run. If you’ve been considering installing 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 today!
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