Do smart thermostats help save on your energy bills? Which smart thermostat will save you the most money? With better heating and cooling and higher efficiency, smart thermostat devices will help you cut down on your utility bills.
Smart thermostats are easy to program. This takes out the hassle of adjusting the temperature. You will no longer waste money heating an empty house.
What Is the Average Saving with A Smart Thermostat?
An energy savings study (Nest) specifies that customers on an average will be able to save 10% – 12% on heating costs and 15% on cooling costs.
Ecobee a smart thermostat claims that customers will be able to save 23% annually on heating and cooling bills. You will be able to save not just your money and energy but will also be able to reduce your carbon footprint.
The energy costs you will save will vary depending on your normal energy usage and choice of smart thermostats. There are many online calculators that will help you determine how much you can save.
How Do Smart Thermostats Help Save Money?
Most homeowners are opting for smart home technology as it makes their homes efficient. You will certainly be able to save energy costs when you start using smart thermostats.
Learn Your Energy Usage Behavior
Smart thermostats learn from your energy usage behaviors to automatically adjust the temperature in your home. The thermostat observes and learns when you come and go and what is the temperature you prefer at different times.
Based on this information, the temperature in the room is kept at your comfort level. Some thermostats are able to adjust the temperature based on the humidity levels. The thermostats allow you to adjust the settings remotely.
Monitor Your Usage
Your energy usage is constantly monitored. You will be able to see how much energy the electrical appliances consume in real time.
The remote interfaces of the smart thermostat show how much electrical energy you are using in your home. The collected data will also help estimate costs. The data will make it easy to understand how your usage affects your energy bill.
Smart thermostats will provide you smart information that you can use to improve your savings and energy efficiency.
Smart Systems Work Even When You Are Away
The smart systems will switch to the eco setting if you are not at home. This will automatically help save energy. The sensors monitor when your presence when you at home and when you leave.
If there is no movement at home the settings of the thermostat change. The geo-tracking feature of the smart thermostat checks if your phone is out of range of your home. This signals the system to go into an eco-mode.
If you are away from home for a longer period of time (vacation or business travel), you can choose to switch the electrical appliances off.
The smart thermostat will turn the systems on if the temperature gets very low or high. This will help prevent emergencies such as frozen pipes even when you are away from your home.
The energy saving is different for each smart thermostat user. Factors like climate and energy rates will impact the amount of money you will be able to save.
Which Smart Thermostat Helps Save the Most Money?
The best thermostat is one that adjusts your home temperature (heating and cooling) with the least amount of programming. Smart thermostats will help you save money on utility bills by intelligently heating and cooling your home.
Ecobee4 helps homeowners save 23% annually on heating and cooling bills. The room sensors should be placed in rooms that matter the most. This will help balance the temperature throughout the house.
The sensors measure both temperature and occupancy. This will enable the smart thermostat to automatically switch to the right mode for comfort.
The sensors switch to the right comfort mode when you are at home and to the savings mode when you are not at home. Apart from sensors, the thermostat also uses occupancy detectors to regulate the temperature in different rooms.
Nest smart thermostat is proven to save energy and money. The thermostat helps in controlling more than half of your energy bills. It saves 10% – 12% on heating costs and 15% on cooling costs.
The smart thermostat learns your schedule and programs itself. With auto-schedule, you don’t have to worry about programming the thermostat again. The temperature can be controlled from anywhere using your phone or tablet.
Algorithms, sensors, and the phone’s location is used to regulate the temperature if you are not at home. This will help save energy. The Nest Learning Thermostat is able to anticipate when to turn up the temperature and when to turn it down.
Ambient light, far-field activity, near field activity, humidity, and temperature are factors that the sensors take into consideration when regulating your home temperature.
Honeywell flexible programming options will enable you to schedule the temperature as per your specific needs and preferences. The energy star certified thermostat will help you save on your monthly energy bill.
You will be able to program the settings permanent or temporary. Apart from this, you will also be able to program vacation settings. This will help save on your energy bill even when you are away.
Personalize your comfort in each room of your house with the flexible thermostat programming options. The smart response technology of the thermostat will automatically determine if your home needs cooling or heating.
What Makes the Smart Thermostat Smart Enough to Save Money?
If you had ever wished that your home temperature adjusted the moment you arrived or left, your wish will finally come true with the smart thermostat. A small adjustment in temperature will result in big energy savings.
The thermostats geo-fencing and location detection features will sense if you are close to home and adjust the temperature based on your specific preferences. The temperature is increased or reduced when you are in the vicinity of your house.
The smart thermostat learns your preferred temperature settings when you use them. The data is recorded, and it is used to build a schedule based on your specific preferences.
Specific family profiles are also learned. The thermostat knows which member of the family is home or away at specific times of the day or night. With this data, the thermostat will automatically program itself and help you save money.
The sensors of smart thermostats are able to detect if the rooms are occupied or not. Depending on the occupancy of the room, the temperature is adjusted. This makes it easy to balance the cold and hot areas of the house.
Apart from detecting occupancy, the sensors will also be able to set priority schedules to different areas of your home. The different functions of the sensors will boost the efficiency of the HVAC systems and this helps save energy costs.
If you have a large home, then a smart thermostat will work wonders. You will be able to control multiple zones and HVAC systems from a centralized location using your smartphone, tablet, laptop, and computer.
With their occupancy sensing, geo-fencing and remote control, smart thermostats will help you save money. The amount of money you save will vary. It will depend on the efficiency of your HVAC systems, weather, and your temperature preference.