Why Smart Thermostats Are Worth It

If you want a way to spend less money and energy in your home, it may 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 cover what a smart thermostat is, how it runs 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 decreasing energy consumption. 

What Is a Smart Thermostat? 

A smart thermostat is an automated device that allows you to do everything from changing your heating and cooling settings for different times of day, to monitoring when people are in the house, so it isn’t needlessly consuming energy by heating or cooling a vacant home. 

Many smart thermostats have learning abilities, which means they pay attention to how you change 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 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 work 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 out. 

A smart thermostat does things like adapt more for rooms that are full or have more people in them, as well as track what time of day it is so it knows how much heating or air conditioning should be used. 

Are Smart Thermostats Worth It? 

For many 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 invest in one of these devices. You could save a lot, especially if you forget to adjust 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 adjust the temperature setting before you left. It doesn’t require a lot of effort on your part, but you’ll notice it in lower 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 could 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 comparable schedule on a programmable thermostat. But it’s more effort to program your thermostat manually. 

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, because 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 take a little bit more work than a smart thermostat. To set up a schedule on programmable models, we suggest following these recommendations from ENERGY STAR® to save energy. 

Suggested Temperature Settings for Your Heating System 

  • Wake: Under 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: Greater than 78 degrees. 
  • Day: Set up at least 7 degrees, if no one is there. 
  • Evening: Lower 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 expense 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. 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 provide you with a monthly heating and cooling report, which often compares you to other residences in your community. 

Your potential savings vary 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 between. 

If you’re noticing you’re only seeing minimal savings on energy costs, you might be optimizing for energy efficiency currently. This includes turning off your HVAC system when you’re not at home or moving 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 often, 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 

Many utility companies give rebates to homeowners who install energy-saving, ENERGY STAR-certified equipment such as a smart thermostat. The rebate amount varies by company, but in most instances, it will take care of most or all the expense. To learn more, visit 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 save you money in the long run. If you’ve been considering getting one and want to know if they run as promised, we provide free home comfort assessments. Call our Experts at 866-397-3787 to schedule yours today!