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 monitor when you leave the house, so that it doesn't waste electricity heating or cooling a vacant home, to changing 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 works and why it's worth it to invest in one. We'll also talk about how it can help you spend less 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 it all 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 an empty home.
Most smart thermostats have learning capabilities, which means they pay attention to how you adjust your settings and make automatic adjustments over time based on what they learn from you.
A smart thermostat connects to Wi-Fi, so you'll be able to adjust and keep track of 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 even better 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 tell when the home is vacant, 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 out.
A smart thermostat does tasks 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 travel or are gone for many hours during the day, it may be worth your money to invest in one of these devices. 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 appropriate program, or if you remembered to change the temperature setting before you went out. 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
Many 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 adjust to your schedule and automate heating and cooling to match. You can set a similar 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 adjust a programmable thermostat, you can overload your HVAC system and make it work harder to meet your changes.
Do Smart Thermostats Save Energy?
Yes, because your smart thermostat will learn about your temperature preferences and routine 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 get identical 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 advise following these recommendations 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 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 there.
- Evening: Lower than 78 degrees.
- Sleep: Set up 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 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, says its smart thermostat saves U.S. homeowners about:
- 10-12% on your heating bill
- 15% on your cooling bill
- $131 to $145 on your energy bill annually
Your smart thermostat will give you a monthly heating and cooling report, which often 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 preferred temperature settings. You might see average savings, significant savings or somewhere in between.
If you're noticing you're only getting 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 turning your thermostat up/down when you're asleep.
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
Many utility companies give rebates to homeowners who install energy-saving, ENERGY STAR-certified equipment such as a smart thermostat. The rebate total varies by company, but in most instances, it will cover most or all the expense. To find out more, check 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 save you money in the end. If you’ve been thinking about installing one and want to know if they work as promised, we offer free home comfort assessments. Call our Experts at 561-629-1826 to schedule yours today!