Should You Get a Smart Thermostat?
There are several different types of thermostats. A normal thermostat is just a control panel for the heating or air conditioning system and allows for temperature adjustment. A programmable thermostat can be set to adjust the temperature based on the time of day. A smart thermostat can learn from your behavior, allow the temperature to be changed remotely, and can even adjust based on conditions like humidity. In addition to these benefits over a normal programmable thermostat, you can control the climate in your home remotely, usually with a mobile app or website. From this app interface, you can see the current temperature, set a target temperature, see how much you’re spending on your heating and cooling, and adjust the temperature to save yourself some money.
Will a smart thermostat save me money?
Whether a smart thermostat will save you money depends on a few different factors. The initial cost, including installation can have an effect on how long it takes to start to see any type of savings from the energy benefits. In addition, your previous thermostat usage habits can have affect how much of a financial difference a smart thermostat will make for you. If you normally keep your home cool, you may not find the cost savings to be as large as someone who is more liberal with their traditional thermostat settings. If you’re a person who forgets to adjust the temperature when you go on vacation, or forgets to turn off the air conditioning when you leave for work, the money and energy savings of a smart thermostat can have a big impact.
No matter your original habits, you will likely find that a smart thermostat saves you some money. A smart thermostat like the Honeywell Lyric T6 Pro Wi-Fi can actually learn from your habits and preferences without any programming at all. Even if you are the type of person who wants to set a temperature schedule once and forget about it, sensors can be set up in your home to detect when you enter or leave and automatically adjust the temperature to your desired level. With no risk of forgetting to turn the heat down, or scale the air conditioning back, energy and money savings are almost assured.
How much energy can I save with a smart thermostat?
We’ve established that a smart thermostat will save you energy and money, but how much will it actually save? Is it worth the initial investment? And how long will it take to pay for itself, if ever?
Traditional programmable thermostats save some money over normal thermostats because the temperature can be adjusted automatically throughout the day based on your settings. However, these thermostats are often limited in the amount of times the temperature can be changed and require manual input. An automatic smart thermostat requires manual adjustment for only a few days and then goes to work for you. It learns what temperatures you like, it can sense when you’re not at home, and you can control it from a smartphone or tablet.
Nest looked at the energy bills of real customers from 41 different US states and conducted an internal study of the real energy savings of using a Nest Learning Thermostat. On average a Nest smart thermostat saved 10-12% on heating and 15% on cooling. This comes out to an average savings of $131 to $145 per year. Based on these figures, a learning thermostat like the Nest or the Honeywell Lyric T6 Pro Wi-Fi can pay for itself in under two years.
You will have to decide based on the initial cost and your potential energy savings whether a smart thermostat is right for your home, but the heating and cooling experts at Carey and Walsh can help you decide! Give us a call at 914-762-9600 or contact us online for a free estimate!