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 devices can do everything from monitor 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 cover what a smart thermostat is, how it runs and why it’s worth it to purchase one. We’ll also talk about how it can help you save 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 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 change 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 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, such as 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 detect when the home is empty, 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 adjust 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 many people, the answer is yes. If you do a lot of travel or are out for many 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 adjust it when you leave for the office or go out of town for the weekend.
You won’t have to worry about whether your smart thermostat is on the appropriate 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 notice it in lower energy bills.
Smart Thermostats vs. Programmable Thermostats
Most homeowners have a standard programmable thermostat, but 40% of them aren’t set correctly. This means you could be missing opportunities to save on heating and cooling expenses.
Smart thermostats are convenient because they learn your schedule and automate heating and cooling that corresponds. You can set a similar schedule on a programmable thermostat. But it’s more effort 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 adjustments.
Do Smart Thermostats Save Energy?
Yes, because your smart thermostat will learn from 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 conserving money.
You can get the same energy savings with a programmable thermostat, but it’s going to take 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: 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 home.
- 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 save on your energy bill. All you need is a programmable thermostat, but it’s important to know 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. 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 your community.
Your possible savings vary 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 between.
If you’re finding you’re only getting 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 moving 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 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 like a smart thermostat. The rebate total varies by company, but in many instances, it will cover most or all the expense. To learn more, visit your utility company’s website for rebate info.
Depend On the Experts for Your Smart Thermostat Needs
Getting a smart thermostat is an investment, but it can help you spend less money in the end. If you’ve been thinking about getting one and want to know if they run as promised, we offer free home comfort assessments. Call our Experts at 866-397-3787 to schedule yours now!
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