A smart thermostat is a Wi-Fi enabled device that controls a home’s heating and air conditioning. Like a programmable thermostat, a smart thermostat allows a homeowner to schedule the temperature within their home across all hours of the day. Unlike a programmable thermostat, a smart thermostat utilizes additional sensors to control indoor temperatures more closely. Moreover, a smart thermostat lets a homeowner remotely adjust temperatures via computer or smartphone app.

 

Will a Smart Thermostat Save You Money?

Yes – but the exact amount of money a smart thermostat could help you save isn’t certain.

According to the Environmental Protection Agency, a smart thermostat reduces heating and cooling bills by approximately 8%. If you adhere to the U.S. Department of Energy’s recommendation of lowering or raising your home’s temperature by 7 to 10 F° for eight hours every day, you can reasonably expect to reduce your heating and cooling costs by 10%. Nest’s estimate is even higher: 10 to 12% savings on heating costs, and 15% on cooling.

Savings may be even greater at homes located in cooler or hotter climates. The number of occupants in a home and their temperature preferences also affect potential savings from a smart thermostat, as does the condition of the home’s HVAC system. Even so, you only stand to gain by installing a smart thermostat.

 

How Does a Smart Thermostat Save You Money?

A smart thermostat’s intelligence lies in its ability to reduce heating and cooling when the home’s occupants aren’t present to benefit from them. Unlike a programmable thermostat which must be manually set to adjust home temperatures, a smart thermostat utilizes software algorithms to predict when occupants won’t be at home. It quite literally measures your personal habits and makes predictions based on them. Moreover, a smart thermostat’s Wi-Fi connectivity allows it to factor in local weather while it optimizes heating and cooling schedules.

Smart thermostats additionally feature an energy-saving mode. When the mode activates, it overrides whichever program the smart thermostat is currently running. It forces the smart thermostat to prevent the home from getting too hot or cool, at which points the HVAC system would have to waste energy restoring a habitable climate.

Some smart thermostats are also able to take the local electricity supplier’s time-of-use rates into account. They prioritize cooling and heating when rates are lowest during the supplier’s off-peak periods, thus promoting even lower electricity bills.

Not all smart thermostats are created equal. If you would prefer to invest in a model that is easy to use, reliable, and effective at its job, then we welcome you to contact Haugan Heating and Air Conditioning today. As the greater Sioux Falls, SD area’s preeminent HVAC authority, we’re ready to recommend and install the best smart thermostat for your Midwestern home!