Why Smart Thermostats Are Worth It

If you want a way to save money and energy in your home, it might be a worthwhile 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 adjusting 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 discuss how it can help you save money on your energy bills by lowering energy consumption.

What Is a Smart Thermostat?

A smart thermostat is an automated device that allows you to do everything 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.

Many smart thermostats have learning abilities, 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 monitor 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, including home heating and air conditioning.

Smart thermostat features include a temperature sensor that can detect when the home is vacant, 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 full 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 some people, the answer is yes. If you do a lot of traveling or are gone for many 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 be concerned 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 much effort from you, but you'll notice it in lower energy bills.

Smart Thermostats vs. Programmable Thermostats

Most homeowners have a traditional 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 effort 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 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 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 conserving money.

You can acquire identical 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 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 home.
  • Evening: Greater than 70 degrees.
  • Sleep: Set back at least 8 degrees.

Suggested Temperature Settings for Your Cooling System

  • Wake: Higher than 78 degrees.
  • Day: Set up at least 7 degrees, if no one is home.
  • Evening: Cooler than 78 degrees.
  • Sleep: Set up at least 4 degrees.

As you can see, you don't have to buy a smart thermostat to save on your energy bill. All you need is a programmable thermostat, but it's important to note 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 the area.

Your possible 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 between.

If you're finding you're only getting small 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 moving your thermostat up/down when you're asleep.

Smart thermostats make this easy through their hands-off process that slowly 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

Most utility companies give rebates to homeowners who install energy-saving, ENERGY STAR-certified equipment such as a smart thermostat. The rebate total varies by company, but in most instances, it will take care of most or all the cost. To learn more, check 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 long run. If you’ve been thinking about installing one and want to know if they work as promised, we provide free home comfort assessments. Call our Experts at 469-250-0932 to schedule yours today!

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