Why Smart Thermostats Are Worth It

If you're looking for a way to save 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 waste electricity heating or cooling an empty home, to changing 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 purchase 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 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 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 keep track of 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 improved control over your comfort. They're compatible 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 vacant, and then automatically change 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 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 out for long 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 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 change the temperature setting before you left. It doesn't require a lot of effort on your part, but you'll see 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 might 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 that corresponds. You can set a similar 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 greatest 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 from 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 conserving money.

You can acquire identical energy savings with a programmable thermostat, but it's going to take 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.

Suggested Temperature Settings for Your Heating System

  • Wake: Below 70 degrees.
  • Day: Set back at least 8 degrees, if no one is there.
  • Evening: Greater than 70 degrees.
  • Sleep: Set back 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: Increase at least 4 degrees.

To sum up, 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 important to note 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 often compares you to other residences in the area.

Your possible savings differ based on your home, 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 minimal savings on energy costs, you might be optimizing for energy efficiency currently. This includes turning off your HVAC system when you're not at home or moving your thermostat up/down when you're sleeping.

Smart thermostats make the process easy through their hands-off process that gradually shifts the temperature. If you're at home often, it might not save you money on energy costs as is the point in an automatic, energy-efficient schedule.

How to Get a Smart Thermostat Rebate

Many 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 most instances, it will cover most or all the expense. To find out more, visit your utility company's website for rebate information.

Trust 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 considering installing one and want to know if they run as promised, we offer free home comfort assessments. Call our Experts at 217-689-2469 to schedule yours today!

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