How much does the Popular Smart Thermostats Save?
Each thermostats have different energy savings percentage. Here is a detailed report of how much each smart thermostats can save individually. For instance Ecobee thermostats claims a saving upto 26% while Nest thermostat claims upto 15% (depending on your region).
Ecobee 4 Smart Thermostat
Savings
$0 - $0
Percentage
23 - 26%
Nest Learning Thermostat
Savings
$0 - $0
Percentage
12 - 15%
Amazon Smart Thermostat
Savings
$0 - $0
Percentage
8 - 10%
Honeywell T9 Smart Thermostat
Savings
$0 - $0
Percentage
10 - 12%
Ecobee 3 Lite
Savings
$0 - $0
Percentage
20 - 23%
Wyze Smart Thermostat
Savings
$0 - $0
Percentage
10 - 12%
Hive Thermostat
Savings
$0 - $0
Percentage
10 - 12%
Sinope Thermostat
Savings
$0 - $0
Percentage
10 - 12%
How does a thermostat save your energy bills?
A smart thermostat saves energy by reducing unwanted heating and cooling. Through the smart geofencing technology, it can detect when people are home or away. Through continous learning and improvement the thermostat smartly adjusts itself to reduce unwanted heating and cooling each and every day. If you can accummulate this savings into a figure annually you will be surprised to see how much money and energy you have saved by using a smart thermostat.
The amount of energy you save from a smart thermostat depends on your region, climate, members of your home, size of your home etc.varies widely based on local climate, home size, and occupancy. Different smart thermostat claims different rate of savings. Ecobee thermostats claims that they can save upto 26% on your annual energy bills, Nest learning thermostat can save upto 15% (but it all depends on the above mentioned parameters).
According to Energy Star, a certified smart thermostat can save a minimum of 8%. On average, a smart thermostat can save $130-$180 annually or in other words you can almost save the cost of a smart thermostat in 1-2 years.
Most of the modern smart thermostat has energy saving mode and once you activate it the thermostat prioritize energy savings rather than comfort.
Manufacturer Claims
"Ecobee customers in North America saved up to 26% on their heating and cooling costs, based on an internal analysis conducted in April, 2021."- Ecobee
"On average the Nest thermostat saved US customers about 10-12% on their heating bills and about 15% on their cooling bills. We've estimated average savings of $131 to $145 a year, which means the Nest thermostat can pay for itself in under two years"- Nest
"With our Smart Thermostats, you only heat or cool when you need it. This way you reduce your energy consumption by up to 31%*. Good for the environment and your wallet"- Tado