What is a Smart Thermostat?

Updated: May 16, 2019

Ever driving home from work and dreading how chilly OR sweltering it’s going to be when you walk into your home?!? Smart thermostats can be connected via an app on your smart phone, computer or tablet allowing you to control your home’s heating and/or air conditioning from pretty much anywhere.

They are pricey (ranging from $70 to $250+) but in the long run, you should save money on your energy bill. These devices are able to monitor the temperature/humidity inside and outside of your home in addition to having the ability to recognize when you are and are not in the home. After collecting this data, the thermostat will program the heating and cooling cycles accordingly based on household activity.


Please keep in mind that installation of the product is likely going to have to be done by an external contractor or handyman, costing another estimated $100 to $250. Let’s just say we buy a $200 smart thermostat and pay $100 dollars for a professional installation. Is it worth it? Does it really pay for itself? The answer is undoubtedly yes but there is a catch, it is going to take a few years to get paid back.

The Nest Thermostat is among the most popular devices on the market and their studies claim, based on typical energy costs, the Nest Thermostat saved the typical family 15% of year on cooling and 10% to 12% on heating. In currency terms, $131 to $145 was their assessed average savings per year meaning you will have your investment returned (paid for itself) in under three years! Nest also offers smart smoke & carbon monoxides alarms!


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