Why Smart Thermostats Are Worth It

If you want a way to spend less money and energy in your home, it may be a wise investment to explore getting a smart thermostat. These gadgets can do everything from track 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 worth it to invest in one. We'll also discuss how it can help you spend less money on your energy bills by lowering energy consumption.

What Is a Smart Thermostat?

A smart thermostat is a programmable device that allows you to do it all from changing your heating and cooling settings for different times of day, to tracking when people are in the house, so it isn't wasting energy by heating or cooling an empty home.

Many 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 links 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 even better control over your comfort. They're compatible with most systems, including home heating and air conditioning.

Smart thermostat features consist of a temperature sensor that can detect when the home is empty, 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 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 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 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 on your part, but you'll see it in lower energy bills.

Smart Thermostats vs. Programmable Thermostats

Most homeowners have a standard 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 to match. You can set a comparable schedule on a programmable thermostat. But it's more work to program your thermostat manually.

A smart thermostat automatically 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 adjustments.

Do Smart Thermostats Save Energy?

Yes, because your smart thermostat will learn from 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 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.

Suggested Temperature Settings for Your Heating System

  • Wake: Below 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.

Suggested Temperature Settings for Your Cooling System

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

As you can see, you don't have to get a smart thermostat to spend less on your energy bill. All you need is a programmable thermostat, but it's essential 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, 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 provide you with a monthly heating and cooling report, which often compares you to other residences in the area.

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 the middle.

If you're noticing you're only seeing 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 turning your thermostat up/down when you're sleeping.

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 money 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 install energy-saving, ENERGY STAR-certified equipment like a smart thermostat. The rebate total varies by company, but in many instances, it will take care of most or all the cost. To find out 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 end. If you’ve been thinking about getting one and want to know if they run as promised, we provide free home comfort assessments. Call our Experts at 386-310-2061 to request yours today!

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