If you want a way to save money and energy in your home, it may be a wise investment to explore getting a smart thermostat. These gadgets 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 worthwhile to invest in one. We'll also discuss 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 an automated device that allows you to do everything from changing your heating and cooling settings for various times of day, to tracking when people are in the house, so it isn't wasting energy by heating or cooling a vacant home.
Most smart thermostats have learning capabilities, 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 hook up with other smart home technology, such as Google Home, Amazon Alexa and Apple HomeKit, for even better 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 detect 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 away.
A smart thermostat does tasks like adapt 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 used.
Are Smart Thermostats Worth It?
For some people, the answer is yes. If you do a lot of travel or are gone for long hours during the day, it may be worth your money to invest in one of these thermostats. You could save a lot, especially if you forget to adjust it when you leave for work 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 much effort from you, but you'll notice 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 could be missing chances to save on heating and cooling costs.
Smart thermostats are handy 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 work to program your thermostat by hand.
A smart thermostat conveniently adjusts and progressively changes the temperature inside your home for the biggest energy savings. If you manually change a programmable thermostat, you can overburden 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 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 guidelines from ENERGY STAR® to save energy.
Recommended 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 home.
- Evening: Cooler 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 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. 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 your community.
Your potential 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 getting 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 moving your thermostat up/down when you're sleeping.
Smart thermostats make this simple 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 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 information.
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 getting one and want to know if they run as promised, we offer free home comfort assessments. Call our Experts at 281-407-9478 to schedule yours today!