Why Smart Thermostats Are Worth It

If you want a way to spend less money and energy in your home, it might 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 changing 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 works and why it’s worthwhile to purchase 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 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 needlessly consuming energy by heating or cooling an empty home. 

Most 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 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’re compatible with most systems, including home heating and air conditioning. 

Smart thermostat features include a temperature sensor that can tell when the home is empty, 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 tasks like adjust 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 used. 

Are Smart Thermostats Worth It? 

For many people, the answer is yes. If you do a lot of travel 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 lot, especially if you forget to change 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 right program, or if you remembered to adjust the temperature setting before you left. It doesn’t require a lot of effort from you, but you’ll notice it in reduced energy bills. 

Smart Thermostats vs. Programmable Thermostats 

Most 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 to match. You can set a comparable 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 greatest energy savings. If you manually change a programmable thermostat, you can overburden your HVAC system and make it work harder to meet your changes. 

Do Smart Thermostats Save Energy? 

Yes, because your smart thermostat will learn from 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 the same energy savings with a programmable thermostat, but it’s going to take a little bit more effort than a smart thermostat. To put together a schedule on programmable models, we suggest following these guidelines 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: Higher than 70 degrees. 
  • Sleep: Decrease 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 home. 
  • Evening: Lower than 78 degrees. 
  • Sleep: Increase 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 essential 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 prominent 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 give you a monthly heating and cooling report, which usually compares you to other residences in the area. 

Your potential savings differ based on your home, 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 finding you’re only getting small savings on energy costs, you might be optimizing for energy efficiency already. 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 often, 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 purchase 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 find out more, visit your utility company’s website for rebate info. 

Trust 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 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 now! 

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