Why Smart Thermostats Are Worth It

If you're looking for 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 track when you leave the house, so that it doesn't waste electricity heating or cooling a vacant home, to changing energy usage according to 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 invest in one. We'll also talk about how it can help you save money on your energy bills by reducing 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 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 links 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'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 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 things 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 going.

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 invest in 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 worry about whether your smart thermostat is on the right program, or if you remembered to adjust the temperature setting before you went out. It doesn't require much effort from you, but you'll notice it in reduced 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 could be missing opportunities to save on heating and cooling expenses.

Smart thermostats are convenient 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 manually.

A smart thermostat conveniently adjusts and progressively 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, 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 saving money.

You can acquire the same energy savings with a programmable thermostat, but it's going to require a little bit more work than a smart thermostat. To put together a schedule on programmable models, we suggest following these recommendations 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 there.
  • 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: Increase at least 4 degrees.

To sum up, 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 know 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 your community.

Your potential savings differ based on your house, where you live, how much insulation you have and your desired temperature settings. You might see average savings, significant savings or somewhere in between.

If you're noticing you're only seeing small savings on energy costs, you might be optimizing for energy efficiency currently. 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 slowly 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

Many 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 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 save you money in the long run. If you’ve been considering getting one and want to know if they run as promised, we offer free home comfort assessments. Call our Experts at 801-436-8985 to request yours now!

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