Smart home technology is more popular than ever, and smart thermostats are at the top of the list for homeowners looking to cut energy costs. But do they actually save money, or are they just another tech gadget? Let’s break down how smart thermostats work, how much they can save, and whether they’re worth the investment.
What Is a Smart Thermostat?
Unlike traditional thermostats that require manual adjustments, smart thermostats learn your habits and adjust temperatures automatically for maximum efficiency. Some key features include:
- Learning schedules – Smart thermostats track your routine and adjust settings accordingly.
- Remote control – Adjust temperatures from your phone or voice assistant.
- Energy reports – See your energy usage and get tips to reduce costs.
- Geofencing – Uses your smartphone’s location to detect when you’re home or away.
How Much Money Can a Smart Thermostat Save?
According to studies by ENERGY STAR, a properly used smart thermostat can save homeowners 10-15% on heating and cooling costs. That adds up to $100-$200 in savings per year, depending on your climate and usage.
However, actual savings depend on:
- Your home’s insulation and HVAC efficiency – Older, inefficient systems may not see as much benefit.
- How well you use the thermostat – Manually overriding smart features too often can reduce savings.
- Your climate – Homes in extreme hot or cold climates benefit the most.
Are Smart Thermostats Worth the Investment?
Smart thermostats generally cost more, but many utility companies offer rebates to reduce the cost. Here’s who benefits most:
- Homeowners who travel frequently – Remote access makes it easy to adjust temperatures.
- Energy-conscious homeowners – If you're willing to optimize settings, you’ll see significant savings.
- Tech-savvy users – The more you use smart features, the better the efficiency.
For large homes or homes with inconsistent schedules, smart thermostats can provide big savings by adjusting temperatures when no one is home.
Smart thermostats can save money, but the savings depend on how well they’re used. If you’re ready to upgrade, check for rebates from your energy provider to lower the upfront cost. Want expert advice on choosing and installing a smart thermostat? Give AL-DON a call at 314.567.5585 today!
