Why Smart Thermostats Are Worth It

If you want a way to spend less money and energy in your home, it may be a worthwhile investment to explore getting a smart thermostat. These gadgets can do everything from track 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 works 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 an automated 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 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 as time passes 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 improved control over your comfort. They work 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 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 away.

A smart thermostat does things 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 used.

Are Smart Thermostats Worth It?

For some people, the answer is yes. If you do a lot of traveling 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 adjust the temperature setting before you left. It doesn't require a lot of effort on your part, but you'll notice it in reduced energy bills.

Smart Thermostats vs. Programmable Thermostats

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

Smart thermostats are handy because they learn 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 conveniently adjusts and gradually changes the temperature inside your home for the greatest energy savings. If you manually change a programmable thermostat, you can overload your HVAC system and make it work harder to meet your changes.

Do Smart Thermostats Save Energy?

Yes, because 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 require a little bit more effort than a smart thermostat. To set up a schedule on programmable models, we advise 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: Greater 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.

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 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 often compares you to other residences in the area.

Your potential savings differ based on your house, 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 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 asleep.

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 much on energy costs as is the point in an automated, energy-efficient schedule.

How to Get a Smart Thermostat Rebate

Most utility companies offer rebates to homeowners who purchase energy-saving, ENERGY STAR-certified equipment such as a smart thermostat. The rebate amount varies by company, but in many instances, it will cover most or all the cost. 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 save you money in the long run. If you’ve been thinking about installing one and want to know if they work as promised, we offer free home comfort assessments. Call our Experts at 713-396-3760 to schedule yours now!

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