If you're looking for a way to save money and energy in your home, it may be a worthwhile 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 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 works and why it's worthwhile to invest in one. We'll also talk about 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 adjusting your heating and cooling settings for different times of day, to monitoring 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 change your settings and make automatic adjustments over time 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 anyplace.
How Do Smart Thermostats Work?
A smart thermostat has learning algorithms and can hook up with other smart home technology, like Google Home, Amazon Alexa and Apple HomeKit, for even better control over your comfort. They're compatible with most systems, including home heating and air conditioning.
Smart thermostat features include a temperature sensor that can detect when the home is vacant, 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 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 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 work 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 adjust 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 standard 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 handy 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 work to program your thermostat by hand.
A smart thermostat conveniently adjusts and progressively changes the temperature inside your home for the greatest energy savings. If you manually change a programmable thermostat, you can overload your HVAC system and make it work harder to meet your adjustments.
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 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 the same energy savings with a programmable thermostat, but it's going to take a little bit more effort than a smart thermostat. To set up a schedule on programmable models, we advise following these recommendations 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: Greater than 70 degrees.
- Sleep: Decrease at least 8 degrees.
Recommended Temperature Settings for Your Cooling System
- Wake: Greater than 78 degrees.
- Day: Set up at least 7 degrees, if no one is home.
- Evening: Lower than 78 degrees.
- Sleep: Set up at least 4 degrees.
As you can see, you don't have to get a smart thermostat to save on your energy bill. All you need is a programmable thermostat, but it's essential 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 popular 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 annually
Your smart thermostat will give you a monthly heating and cooling report, which usually compares you to other residences in your community.
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 finding you're only getting 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 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
Most utility companies give rebates to homeowners who purchase energy-saving, ENERGY STAR-certified equipment like a smart thermostat. The rebate total varies by company, but in most instances, it will cover most or all the cost. To find out more, visit your utility company's website for rebate info.
Depend On the Experts for Your Smart Thermostat Needs
Getting a smart thermostat is an investment, but it can help you spend less money in the long run. 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 937-503-7896 to request yours now!