How Much Can a Smart Thermostat Save On Energy Costs?

As smart devices make there way into every aspect of our daily life, one of the most popular devices for the home is the smart thermostat. Brands like Honeywell, Nest and Ecobee all promise ease of use and automated control over the climate in our homes. They also have the potential to increase efficiency and energy savings by learning when to heat and cool automatically based on household routines.

So how much money can you actually save with a smart thermostat, and are they worth the price premium over a conventional digital thermostat? A study by Nest® and two independent researchers found that customers saved an average of 10 to 20% on heating and 15% on air conditioning costs.

Because much of the savings from a programmable thermostat depends on the homeowner programming the unit to operate at the right time of day, they are prone to not being used at the optimum settings, either because they are to complicated to program or schedules that change to often, leading to settings being manually overridden.

Smart thermostats, on the other hand, make it more likely that the unit will operate at peak efficiency by automatically learning the household routine. For example, turning up the air conditioning when the home is unoccupied, then turning it back down when it detects that the home is occupied. Additionally, many models offer smart phone integration, humidity control and detailed power consumption reports and money-saving suggestions.

Have questions about setting up your smart thermostat to work with your home’s heating and cooling system? Call ABC Southwest Plumbing & Air Conditioning, we’re here to help.