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 monitor when you leave the house, so that it doesn’t waste electricity heating or cooling a vacant home, to adjusting energy usage based on 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 worthwhile to invest in one. We’ll also discuss how it can help you save money on your energy bills by reducing energy consumption. 

What Is a Smart Thermostat? 

A smart thermostat is a programmable device that allows you to do everything from changing your heating and cooling settings for various 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. 

Most smart thermostats have learning capabilities, which means they pay attention to how you adjust your settings and make automatic adjustments as time passes based on what they learn from you. 

A smart thermostat links to Wi-Fi, so you’ll be able to change 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 work with most systems, including home heating and air conditioning. 

Smart thermostat features include a temperature sensor that can tell when the home is vacant, and then automatically adjust to an energy-efficient setting. Your smart thermostat may 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 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 out for long hours during the day, it may be worth your money to get one of these thermostats. You could save a significant amount, 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 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 a lot of effort from you, but you’ll see it in reduced energy bills. 

Smart Thermostats vs. Programmable Thermostats 

Many 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 expenses. 

Smart thermostats are convenient 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 work to program your thermostat by hand. 

A smart thermostat automatically adjusts and gradually changes the temperature inside your home for the greatest 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 day-to-day activities 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 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 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: Greater 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 there. 
  • 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 decrease your energy bill. All you need is a programmable thermostat, but it’s important 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 popular 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 give you a monthly heating and cooling report, which often compares you to other residences in the area. 

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 between. 

If you’re noticing you’re only seeing minimal savings on energy costs, you might be optimizing for energy efficiency currently. This includes switching 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 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 give rebates to homeowners who install energy-saving, ENERGY STAR-certified equipment like a smart thermostat. The rebate total varies by company, but in most instances, it will take care of most or all the cost. To find out more, check your utility company’s website for rebate info. 

Trust 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 considering 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 schedule yours today! 

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