If you're looking for a way to spend less money and energy in your home, it might be a wise investment to explore 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 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 spend less 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 changing 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 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 adjust 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, such as Google Home, Amazon Alexa and Apple HomeKit, for improved 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 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 tasks like adjust more for rooms that are full 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 gone for long 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 work 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 went out. It doesn't require much effort on your part, but you'll notice 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 chances to save on heating and cooling costs.
Smart thermostats are convenient because they adjust to your schedule and automate heating and cooling to match. You can set a comparable schedule on a programmable thermostat. But it's more effort to program your thermostat manually.
A smart thermostat automatically adjusts and progressively changes the temperature inside your home for the biggest 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, because 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 take a little bit more effort than a smart thermostat. To put together a schedule on programmable models, we advise following these guidelines from ENERGY STAR® to save energy.
Suggested 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.
Suggested Temperature Settings for Your Cooling System
- Wake: Greater 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, states 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 the area.
Your possible savings vary 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 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 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
Many 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 most instances, it will take care of most or all the expense. To find out 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 save you money in the end. If you’ve been thinking about installing one and want to know if they run as promised, we offer free home comfort assessments. Call our Experts at 519-804-1617 to schedule yours today!