Can a Smart Thermostat Save You Money?

Can a Smart Thermostat Save You Money?

You’re not exactly a Scrooge, but you like to think of yourself as frugal. When it comes to homeownership, nothing beats saving a few extra dollars. Unfortunately, ongoing costs like energy bills can be hard to track and manage.

Fortunately, homes are getting smarter. Could technology become the key to getting your heating and cooling expenses under control?

The Basics

According to the U.S. Department of Energy, smart thermostats that bear Energy Star certification are designed to significantly reduce annual energy usage. They achieve this goal using features such as

  • Low-power operation modes that save energy automatically as needed,
  • Accurate temperature sensor hardware and sensing performance,
  • Energy consumption tracking and report generation that help users get usage-conscious, and
  • Customization that makes it easier to stay in control of your usage.

Smart vs. Basic: The Economic Realities

True, your old thermostat may have had some of these features, such as customizable temperature settings. If you had to program them all manually, however, then the chances are good that they didn’t save you quite as much energy as you thought they would.

You’re a busy person. For instance, it’s understandable that you might overlook the need to reconfigure the thermostat setting as the seasons change. If a sudden weather swing happens in the middle of the night or while you’re at work, you won’t exactly be around to adjust the temperature.

Smart thermostats compensate for these natural human quirks. Although programs like Energy Star incorporate a number of third-party certification requirements, their overall goal is to ensure that products use energy wisely and minimize the strain on the power grid. Since smart thermostats leverage advanced decision-making technology, they may improve your usage outlook. At the very least, they could reduce the amount of time that you spend thinking about how you’ll slash your bills.

Is a Smart Thermostat Right for You?

Smart thermostats aren’t all the same. Like other appliances, they have distinctive capabilities and components. These differences determine how efficiently they operate in your building.

Picking a smart thermostat for your home or business shouldn’t be about bells and whistles. Although certain features, like home assistant integration, can make your life much easier, it’s important to start by assessing the core functionality. Before choosing a thermostat, ask yourself:

  • Can I program this device to follow a schedule that fits my lifestyle?
  • Can I monitor and track my usage over time?
  • Can the thermostat use my location or activity patterns to learn when to self-adjust?
  • How efficiently or quickly will it achieve the ideal comfort settings for my space?

Other important considerations may include the difficulty of installing a particular thermostat model. You’ll also want to think about whether its sensors are well-adapted to your interiors. Want to find out more? Dive into the Allen Kelly blog for fresh insights.

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