How Smart Thermostats Help You Save on Your Electric Bill
If you’re looking for a way to save energy in your home, a smart thermostat is one of the most popular ways to do it. Smart thermostats are not your average, ordinary thermostat—while they do measure the temperature and turn your heating and cooling system on or off, a smart thermostat does so much more beyond that.
Keep Track of Your Energy Usage with Energy Readouts
Perhaps the largest benefit of a smart thermostat is that it keeps track of exactly how much energy you use in heating and cooling your home, and then shows you this data in easy-to-read charts and graphics that allow you to spot patterns and see areas where you can improve.
Not only do these thermostats usually store all this data in the cloud so you can access it from anywhere, but some even analyze this data on their own to make decisions about how to heat and cool your home. When you combine both of these functions, you have two different ways in which these thermostats could help you save a lot of cash.
No More Adjustments!
One of the biggest ways people waste money with their heating and cooling system that most people don’t realize is the constant adjusting of the thermostat. Lowering the temperature isn’t going to make your home cool off any faster, but that hasn’t stopped people from cranking their system to try and find the relief they need. A smart thermostat ensures you don’t have to worry about this.
With modern technology and algorithms that take into account everything from indoor temperature to your climate preferences to even the weather outside, these systems will adjust themselves to make sure that your home is always cool, comfortable, and welcoming!
In fact, the Nest smart thermostat, one of the leaders in the industry, is so advanced it actually learns your climate preferences and then adjusts itself based on these and other external factors. Most customers say that within as little as a week or so, they never have to touch their thermostat again and their home is always as comfortable as they would like.
This self-adjusting technology has been proven to be effective when it comes to cutting energy costs and increasing energy efficiency. Since 2011, these devices have been installed in millions of homes worldwide and have saved over 4 billion kWh of energy. In fact, studies show that heating costs decreased anywhere from 10-15% and cooling costs were lowered an impressive 15%. These savings more than make up for the initial cost of the product and installation.
What Are the Requirement for Installing a Smart Thermostat?
As long as there is a Wi-Fi connection, homes with contemporary HVAC systems can usually move forward with a smart thermostat installation. However, since there are a variety of heating and cooling setups, it’s important to make sure that your system is compatible before buying a smart thermostat. In addition, a C-wire (or common wire) may need to be added in your current thermostat’s wiring setup. Homeowners that don’t have a C-wire can buy a smart thermostat that comes with an adapter kit.
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