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 explore getting a smart thermostat. These devices can do everything from track when you leave the house, so that it doesn’t waste 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 everything 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 a vacant home. 

Most smart thermostats have learning capabilities, which means they pay attention to how you adjust 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 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 improved control over your comfort. They work 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 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 used. 

Are Smart Thermostats Worth It? 

For some 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 get one of these thermostats. You could save a significant amount, 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 be concerned about whether your smart thermostat is on the right program, or if you remembered to change the temperature setting before you left. It doesn’t require a lot of 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 correctly. This means you might be missing opportunities to save on heating and cooling expenses. 

Smart thermostats are handy because they adjust to your schedule and automate heating and cooling that corresponds. You can set a comparable schedule on a programmable thermostat. But it’s more effort to program your thermostat by hand. 

A smart thermostat automatically adjusts and progressively changes the temperature inside your home for the greatest energy savings. If you manually adjust a programmable thermostat, you can overburden 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 acquire the same 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 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: 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 there. 
  • Evening: Cooler than 78 degrees. 
  • Sleep: Increase at least 4 degrees. 

As you can see, you don’t have to get a smart thermostat to decrease your energy bill. All you need is a programmable thermostat, but it’s important 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, states 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 give you a monthly heating and cooling report, which often compares you to other residences in your community. 

Your possible savings differ based on your house, where you live, how much insulation you have and your desired temperature settings. You might experience 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 already. This includes turning off your HVAC system when you’re not at home or moving your thermostat up/down when you’re sleeping. 

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

How to Get a Smart Thermostat Rebate 

Most utility companies give rebates to homeowners who purchase 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 cost. To find out more, check 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 save you money in the long run. If you’ve been considering getting one and want to know if they work as promised, we provide free home comfort assessments. Call our Experts at 866-397-3787 to schedule yours now!