If you're looking for a way to spend less money and energy in your home, it may be a worthwhile investment to research getting a smart thermostat. These devices can do everything from track when you leave the house, so that it doesn't throw away electricity heating or cooling a vacant 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 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 monitoring when people are in the house, so it isn't wasting energy by heating or cooling a vacant home.
Many smart thermostats have learning abilities, 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 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, such as Google Home, Amazon Alexa and Apple HomeKit, for even better control over your comfort. They work with most systems, such as home heating and air conditioning.
Smart thermostat features consist of a temperature sensor that can tell when the home is empty, and then automatically adjust to an energy-efficient setting. Your smart thermostat may 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 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 out for many hours during the day, it may be worth your money to get one of these devices. You could save a lot, 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 worry about whether your smart thermostat is on the appropriate program, or if you remembered to change the temperature setting before you left. It doesn't require much effort from you, but you'll see 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 chances 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 work to program your thermostat manually.
A smart thermostat conveniently adjusts and gradually changes the temperature inside your home for the biggest 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, since 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 the same energy savings with a programmable thermostat, but it's going to require a little bit more work than a smart thermostat. To set up a schedule on programmable models, we suggest following these recommendations 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: 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 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 decrease 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 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 usually compares you to other residences in the area.
Your potential savings vary 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 the middle.
If you're noticing you're only getting small 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 simple 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 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 such as a smart thermostat. The rebate amount varies by company, but in many instances, it will cover most or all the expense. To learn more, check your utility company's website for rebate info.
Trust the Experts for Your Smart Thermostat Needs
Installing a smart thermostat is an investment, but it can save you money in the long run. 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 954-736-4314 to schedule yours today!