How a Smart Thermostat Can Save You Money

July 19, 2019 by Anas Mustafa

Keeping the temperature in your home just right is not always easy. In fact, it can be bothersome and lead to high energy costs. However, if you install and use a smart thermostat, the task can become easier and your energy use more efficient. Smart thermostats have been designed to offer the most flexibility in temperature control, which helps users cut costs while being environmentally-friendly.

The average Canadian home burns through $1,187 every year on energy bills and while less than 10 per cent of homes use smart thermostats, those numbers are expected to grow across the country and around the world.

In fact, smart devices have become so popular that the global smart home market is estimated to reach $55.7 billion by 2025, according to recent research. Statistics show a CAGR of 16.8 percent over the next few years. Looking back to 2017, the smart home market was just worth $25.3 billion.

It is easy to see why more and more people are turning to these smart, connected devices to help them manage their homes and their expenses.

Smart thermostats can save people about 15 to 30 percent in energy costs each year. This is because automating your thermostat gives you more control over your home’s energy use.

Benefits of Smart Thermostats

Smart thermostats are designed to control a home’s heating and air conditioning, however, unlike regular thermostats, smart devices can be programmed to automatically adjust throughout the day, cutting down on energy use.

With a user-friendly design, most smart thermostats can easily be installed within 30 minutes or less. They offer the power of being able to control your home’s temperature from your smartphone or tablet with easy-to-use controls and programming options.

Here are the reasons that more and more people are turning to smart thermostats for their homes.

1. Flexibility

One advantage that smart thermostats offer over other thermostats is the ability to be changed or programmed through your smartphone, which gives you the flexibility to adjust it when you need to. Plans can change, which is much more manageable if you are not tied to a specific schedule when it comes to heating or cooling your home. A smart thermostat can be as flexible as you need. Just set it on your way home and the temperature will be ideal by the time you arrive.

2. Automatic temperature adjustment

Smart thermostats are able to detect when you are away and engage an away setting that can save you money. The device is able to be connected to a home’s security system, which provides information that allows the thermostat to fluctuate its temperature throughout the day.

They are also able to learn your daily routines and adjust the temperature accordingly. The smart thermostat is capable of learning routines and preferences and can integrate into smart home systems to work in tandem with other devices. Some systems even offer a motion detection that can adjust the temperature automatically if the sensors are set off.

3. Efficiency measures

Smart devices, like thermostats, can also monitor your home system and identify ways to save even more on your bills. A smart system can even produce usage reports so you can track your energy use. In this way, smart thermostat users can have the peace of mind knowing they are doing everything they can to be environmentally conscious as well as cutting down their costs.

4. Programmable

Smart devices can be programmed to a daily schedule, which allows you to set your preferred temperatures and forget about it. They can also be programmed to respond to certain triggers. For example, when you unlock the front door, the lights can be programmed to turn on and the temperature can be adjusted according to the settings you specify.

These devices can also be set to change and respond to different weather conditions and seasons. Smart thermostats, when integrated with other smart devices in the home, can protect your home while you are away on vacation or a long trip. By simply programming your devices to turn on and off at specified times throughout the day or night, you can give the appearance that your home is occupied, even when it’s not.

5. Alerts

Your smart devices are capable of sending you notifications and alerts when something has changed in the system. This can let you know if the thermostat has been triggered or turned on when you are not at home.

6. Integration

Smart devices, such as thermostats, can easily be used together in a single system that monitors and controls all the devices in a home. In this way, you can achieve maximum efficiency from your home appliances. They can be programmed to work together to save energy and reduce your utility costs. You can set the air conditioner to stop working if a door is left open for a specific amount of time so your not wasting energy. They can even add additional security to your home by automatically turning off your furnace if a fire is detected by your security system.

7. Rebates

As more and more companies realize the benefits of smart thermostats to the Canadian home and market, several provinces and utility companies are offering rebates to those who purchase a smart thermostat device. This added incentive can help homeowners with the initial cost of setting up their home to be more energy efficient, which cuts down utility costs in the long run. It is a win-win for those looking to save money on their bills.

For those looking for a green and cost-efficient way to heat or cool their home, smart thermostats are ideal. These devices offer flexibility and programmability that make them a valuable addition to any home. They can be integrated into security systems or work together with other smart devices to make your home comfortable and safe while saving you money.

For more information about smart thermostats, call Canadian Security Professionals at 1-877-494-9911 or contact us here.

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