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 devices can do everything from monitor when you leave the house, so that it doesn't waste electricity heating or cooling an empty 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 runs 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 everything from adjusting your heating and cooling settings for various times of day, to monitoring 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 abilities, 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 anywhere.

How Do Smart Thermostats Work?

A smart thermostat has learning algorithms and can hook up with other smart home technology, like Google Home, Amazon Alexa and Apple HomeKit, for even better control over your comfort. They work 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 used.

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 get one of these thermostats. You could save a significant amount, 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 appropriate program, or if you remembered to adjust the temperature setting before you went out. It doesn't require much effort on your part, but you'll see it in reduced energy bills.

Smart Thermostats vs. Programmable Thermostats

Many 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 handy 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 manually.

A smart thermostat conveniently adjusts and progressively changes the temperature inside your home for the biggest energy savings. If you manually adjust a programmable thermostat, you can overburden your HVAC system and make it work harder to meet your changes.

Do Smart Thermostats Save Energy?

Yes, since your smart thermostat will learn about your temperature preferences and day-to-day activities 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 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: Higher than 70 degrees.
  • Sleep: Decrease 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: Cooler than 78 degrees.
  • Sleep: Set up at least 4 degrees.

To sum up, you don't have to buy a smart thermostat to decrease 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, 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 seeing minimal 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 moving your thermostat up/down when you're sleeping.

Smart thermostats make this easy 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 install energy-saving, ENERGY STAR-certified equipment like a smart thermostat. The rebate total varies by company, but in most instances, it will cover most or all the cost. To learn more, visit your utility company's website for rebate info.

Depend On the Experts for Your Smart Thermostat Needs

Installing a smart thermostat is an investment, but it can help you spend less money in the end. If you’ve been thinking about installing one and want to know if they run as promised, we provide free home comfort assessments. Call our Experts at 352-414-4006 to request yours today!

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