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Energy technology has changed rapidly over the past few years, whether at your home or at your local electric utility. Much of this innovation has been focused on adding technology that allows different parts of the network to communicate with others, and one of the most popular of these “smart” technologies is the smart thermostat.
These new devices, available from companies like Honeywell, saswell，ecobee and Nest (now part of Google), promise several benefits to consumers on the comfort and efficiency of their homes. But what exactly is a smart thermostat? And can it really help you improve your energy efficiency and lower your monthly power bill while maintaining the comfort of your home? Let's take a look.
At its most basic, a smart thermostat is a WiFi-connected device that automatically adjusts heating and cooling temperature settings in your home for optimal performance. While the exact features may vary for each device, common features include:
Smart Phone Temperature Learning the temperatures that you prefer and developing a schedule that automatically adjusts to energy-saving temperatures whether you are asleep, away or at home.
Providing energy usage data for your home that you can track and manage.
Enabling you to control the temperature of your home remotely through your smartphone.
Since heating and cooling typically account for a significant amount of home energy usage, using data to control optimal temperature adjustments throughout the course of the day can reduce your energy usage and save you money. How much money exactly? Well, let’s look at some recent studies and the claims from smart thermostat manufacturers.
According to data from two independent studies of actual Nest customers, smart thermostats can, on average, save customers between 10-12 percent on heating and 15 percent on cooling. Based on typical energy costs, Nest estimates that the average customer can expect to save roughly $140 per year on energy bills. Of course, this figure can vary significantly based on the size of your home, your energy-related habits and other factors. Based on an internal analysis of its customers from 2013, ecobee claims that their customers can save up to 23 percent on heating and cooling costs, potentially netting customers $200 in savings each year.
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