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 monitor when you leave the house, so that it doesn't throw away 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 worth it to invest in one. We'll also talk about how it can help you spend less money on your energy bills by decreasing 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 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 adjust and monitor 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, like Google Home, Amazon Alexa and Apple HomeKit, for even better 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 may be able to geofence with your phone to know when you're at home or out.

A smart thermostat does tasks like adapt more for rooms that are occupied 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 many 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 worry 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 on your part, but you'll see it in lower energy bills.

Smart Thermostats vs. Programmable Thermostats

Many homeowners have a standard programmable thermostat, but 40% of them aren’t set correctly. This means you could be missing chances to save on heating and cooling expenses.

Smart thermostats are handy 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 automatically 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 adjustments.

Do Smart Thermostats Save Energy?

Yes, because 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 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.

Recommended Temperature Settings for Your Heating System

  • Wake: Under 70 degrees.
  • Day: Set back at least 8 degrees, if no one is home.
  • Evening: Greater than 70 degrees.
  • Sleep: Decrease 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 essential 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 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 possible savings differ based on your house, where you live, how much insulation you have and your preferred 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 currently. This includes turning off your HVAC system when you're not at home or turning your thermostat up/down when you're asleep.

Smart thermostats make the process 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 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 like a smart thermostat. The rebate amount varies by company, but in most instances, it will cover most or all the expense. To find out 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 thinking about getting one and want to know if they work as promised, we offer free home comfort assessments. Call our Experts at 780-800-9047 to request yours now!

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