The market for thermostats is heating up as tech companies push to bring you the latest and greatest home automation gear. Smart thermostats are becoming ubiquitous in a wide range of home builds, and we already know they’re easier to use than traditional models.
But when it comes to choosing a smart thermostat, there’s no shortage of options, but figuring out which model is suitable for your needs can feel like a daunting task. That’s why we’ve outlined a guide to this market so that you can make an informed decision.
But first, let’s talk a bit about what makes a great , so you know where to focus your attention.
How do smart thermostats work?
The technology behind these devices is relatively simple, and it includes only one wire for connecting it to your HVAC system in your home. Then the installed system processes information it gathers from your home’s internal sensors and sends an appropriate signal to the heating and cooling unit, adjusting the temperature accordingly.
However, you should also know that some of the more advanced models also offer a geofencing feature that enables them to turn on automatically when you reach home and turn off as soon as you leave. This feature will help you save a good portion of your electricity bills every month.
According to a recent market survey, it is found that 37 percent of households have installed at least one smart home product. This includes smart thermostats, lighting solutions, and all sorts of other smart home gadgets. Moreover, that number is also expected to increase to roughly 60 percent bringing in 47 billion U.S. dollars in revenue by 2025.
How much do smart thermostats cost?
There is no set price for a smart thermostat; models range from around $50 to more than $250 depending on your device’s features. Experts like help in picking the right thermostat for your home. Some of them are also compatible with other smart home systems, which means you can control them using voice commands.
However, experts say that the initial cost of purchasing a smart thermostat pays off in energy savings within two years.
What are things you should consider while purchasing a smart thermostat?
Smart thermostat reviews are everywhere, but it can be tough to cut through the noise and find one that works for you.
But the good news is there are a few key things to consider when making your decision that will help you narrow your choices.
Here’s what we recommend:
Brand
Not all smart thermostats are created equal, and in fact, some aren’t even designed to work with the smart home ecosystems of their manufacturers. We suggest sticking with brands that will integrate well with other home automation devices.
Features
Each manufacturer has its take on what makes a smart thermostat smart, so pay attention to what features come standard with each model you’re considering.
Learning curve
If a smart thermostat isn’t intuitive, installing and programming it can cause frustration. Look for one that includes instructions and an app that walks you through each step of the installation process.
Cost
Cost is essential for any significant purchase, and smart thermostats are no exception. The price of smart thermostats can vary widely, with the cheapest models starting under $100 and the most expensive models costing above hundred dollars.
A good rule of thumb is that you get what you pay for. Cheaper units lack more advanced features found on more expensive smart thermostats. For example, a more affordable model may not be compatible with other connected devices or may not have smartphone apps available for use.
Aesthetic
If aesthetics are important to you, look for a thermostat that fits your decorating style. Depending on your lifestyle, you might be looking for a basic look or more sophisticated design elements. Different styles and colors can help improve how you use your Smart Home devices, making them part of an overall design scheme within your home.
Connectivity
Aesthetics aside, it’s also essential for your smart thermostat to be compatible with other systems in your home. So if you have an older system that is not communicating with your HVAC equipment, it may be time to upgrade your equipment. Also, make sure that your existing HVAC equipment is functioning properly before installing a new thermostat.
Compatibility
When you’re shopping for a smart thermostat, the next thing to do is figure out what kind of HVAC equipment you have. Most smart thermostats are built to work with gas furnaces and central air conditioning systems, but some models are compatible only with heating units that use electric resistance technology.
If your furnace and air conditioner aren’t compatible with a smart thermostat, then the best option for your home may be to upgrade your heating and cooling system.
Privacy
If privacy is a concern of yours, be aware that some smart thermostats can listen to you or collect data about your voice commands.
As some smart thermostats use voice command programs, enabling you to “talk” to these smart thermostats. This feature may make your home more efficient, but it also means that the thermostat can collect information about you and your family. If this concerns you, be sure to look for one without this capability.
Warranty
A good warranty is also vital for smart thermostats, and it’ll cover the cost of repairs, or replacement should something go wrong. Look for a warranty of five years or more on the thermostat itself and one year or more on parts and labor.
Conclusion
Smart thermostats are one example of smart home technology that directly impacts your energy bill. If you have considered switching to a smart thermostat, turn to this article for helpful suggestions before choosing the right thermostat.