Why Smart Thermostats Are Worth It

If you want a way to save money and energy in your home, it may 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 throw away electricity heating or cooling an empty home, to changing 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 runs and why it's worth it to purchase 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 it all from adjusting your heating and cooling settings for various times of day, to monitoring when people are in the house, so it isn't wasting 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 monitor your energy usage from just about anyplace.

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 even better control over your comfort. They're compatible with most systems, such as home heating and air conditioning.

Smart thermostat features include a temperature sensor that can tell 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 things like adjust 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 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 invest in one of these thermostats. You could save a significant amount, 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 change the temperature setting before you went out. It doesn't require much effort on your part, but you'll see 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 chances to save on heating and cooling expenses.

Smart thermostats are convenient because they learn your schedule and automate heating and cooling to match. 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 biggest energy savings. If you manually adjust 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 routine 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 saving money.

You can acquire the same 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.

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.

Recommended Temperature Settings for Your Cooling System

  • Wake: Greater than 78 degrees.
  • Day: Set up at least 7 degrees, if no one is there.
  • Evening: Cooler than 78 degrees.
  • Sleep: Increase at least 4 degrees.

As you can see, 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 essential 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 each year

Your smart thermostat will provide you with a monthly heating and cooling report, which usually compares you to other residences in the area.

Your potential savings vary based on your home, 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 getting 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 easy 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

Most 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 many instances, it will cover most or all the cost. To learn more, check your utility company's website for rebate info.

Depend On the Experts for Your Smart Thermostat Needs

Installing a smart thermostat is an investment, but it can save you money in the end. If you’ve been thinking about installing 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 now!

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