As Cooling Costs Go Up, These Smart Thermostats Basically Pay for Themselves in Energy Savings (2023)

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Most of your monthly expenses are fixed. Your rent, cable, and HBO Max subscription don’t fluctuate every month. The same can’t be said for your energy bill. It’s easy to suffer sticker shock just because an unseasonably hot or cold month made you reach for the thermostat.

For a long time, there wasn’t much you could do besides putting on a sweater, or opening a window and hoping for a breeze. Thankfully, technology has advanced, and we now have smart thermostats, which can regulate your home temperature automatically based on your schedule. You get to feel comfortable, save money, and be environmentally friendly without much effort.

What Are the Best Smart Thermostats?

There are many factors to think about when choosing the best energy-saving thermostats for you; below are the most important ones, which we considered while we were researching this list.

Design:“Smart” appliances can look very different than the ones they replace, and we understand some people may not feel comfortable with that. The thermostats in this guide range from hyper traditional to very modern.


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Heating and cooling system compatibility: A common fear among users is that they won’t be able to install a smart thermostat using their existing wiring. That’s not the case. Smart thermostats connect to your HVAC (heating, ventilation, and air conditioning) system using the same multi-colored wiring system as older ones. To be safe, we’ve provided a link to a compatibility guide from each manufacturer, so you can make sure it’ll work with your setup.

Energy efficiency:Every smart thermostat will give you an estimate of how much power (and money) it can save you each month, but this will vary based on your usage. Rather than giving you an estimate based on factors we can’t control, we made sure every pick on this list is ENERGYSTAR® certified, which means they’ve all been independently verified to be energy efficient.

Smart assistant compatibility: One of the features that makes these thermostats “smart” is the ability to control them through an app on your phone. But, some take it a step further by allowing you to connect them to a smart-home hub, like the Amazon Echo, Google Home, or HomePod, so you can control them with your voice. This makes them easier (and more futuristic!) to use, so we factored it in.Note: To use smart features, you’ll need to connect the thermostat to your home’s Wi-Fi network.

Editor’s picks

(Video) What are smart thermostats and how do they work? | Ask SafeWise

1. Emerson Sensi WiFi Thermostat

As Cooling Costs Go Up, These Smart Thermostats Basically Pay for Themselves in Energy Savings (1)

The previous Sensi thermostat model from Emerson used to look like a traditional thermostat, but this upgrade has many of the same smart features with a new futuristic-looking look.

This thermostat doesn’t have physical buttons, so you can change the temperature other settings with the illuminated easy-to-use touchscreen — bottom line, it’s fully “smart.” Emerson ships an app (compatible with iPhones and Android phones), that also gives you full control over the Sensi.

You can adjust the temperature from your phone and set up a schedule for your heating and cooling system so it doesn’t run all day. You can even set up a geofence, which is an invisible fence around your house that detects when your phone is near. With a geofence, your HVAC system will automatically turn on when you arrive, and turn off when you leave.

This thermostat is compatible with Amazon’s Alexa, HomeKit (Apple’s smart home standard), and the Google Assistant. Once you’ve set this feature up, you’ll be able to control the temperature in your home with your voice.

If your biggest concern with upgrading to a smart thermostat has been their intimidating look, this is an excellent choice.

Buy Emerson Sensi WiFi Thermostat $129.00

(Video) Why You Should Use a Smart Thermostat for Energy Savings

2. Honeywell Home Smart Thermostat

Honeywell has been around for 114 years, and helped invent the first thermostat, so it’s safe to say you can trust its reputation. Its smart thermostat is a slightly modernized take on an analog model, but it should still be familiar to most people.

It has a touch screen instead of buttons, but the large display and clear text make it easy to read and understand. You can adjust everything from your home’s temperature, to a heating and cooling schedule, to cycling through different modes to fine tune different settings.

Honeywell also displays the outdoor temperature and humidity right on the thermostat, so you’ll know what to expect when you walk outside.

The company also ships an app (for iPhone and Android) that gives you the same level of control as the buttons on the thermostat. It also lets you control your HVAC system from anywhere, so you can make changes if your schedule changes.


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This thermostat is compatible with Alexa, Google Assistant, Microsoft’s Cortana, Samsung’s SmartThings, and an automation program called IFTTT (If This Than That). Apple users are out of luck — you won’t be able to interact with this thermostat using Siri.

If you want a thermostat that’s a little modern, but still looks and works like your current one, this is an excellent choice.

Buy Honeywell Home Smart Thermostat $99.00

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3. Nest Learning Thermostat

Nest basically invented the smart thermostat category, and there’s a reason it’s still considered the best option. It has a super-slim design, large, simple display, and a ton of features that activate everything from sensors to complicated algorithms to deliver optimal performance in your home or office. I’ve used a Nest for over five years, and it’s the one I always recommend.

This thermostat maylook complicated, but it’s fairly easy to use: Twist its dial to the left to lower the temperature, and the right to increase the temperature. You can make additional adjustments on the thermostat by clicking on its screen and navigating several setting screens, but it’s really designed to be used with the Nest app (available on iPhone and Android).

The app is intuitive to use, and gives you fine grain control over how your HVAC system works. You can set up a schedule, or a maximum and minimum temperature, so you’re always comfortable. If you don’t want to mess with that, the Nest’s motion sensor will learn your routine over time, and turn your heating or cooling on and off as is necessary.

The Nest thermostat has been around for a long time, but this third-generation model is the most advanced yet. You can control it with Amazon’s Alexa or Google Assistant (sorry again, Apple fans), and connect it to other smart devices in your home.

Pair it with a smart washer and dryer and your washing machine will only run your load of laundry when energy demand is low. Pair it with your smart light bulbs and your lights will turn off when the thermostat is set to “away” mode. The same goes for your smart plugs. It’ll shut off power to your devices and small appliances when you’re out, to prevent short circuits or overheating.

That seems like a lot, and it is, but the Nest lets you use as many or as few of these features as you want. You may start small, but it’s nice to know you have the option to unlock more and more smart features over time.

Buy Nest Learning Thermostat $223.98

Note: Google also sells the Nest Thermostat, which has many of the same features, but for $99.99 here. It’s not compatible with as many HVAC systems, and you give up extras like the full color screen, but you should definitely consider it.

4. ecobee Smart Thermostat

(Video) Is It Better To Leave The Heating On Constantly? Boilers & Heat Pumps | Consumer Advice

Ecobee’s Smart Thermostat splits the difference between the Nest’s ultra smart features, and an analogue look and feel. Its face is one giant touch screen, so you can access different modes and features by tapping and swiping the display.

Its screen makes it more intuitive to use than the Nest, but it’s still best to control the thermostat through its app (iPhone and Android). It’s also compatible with smart home assistants, including Amazon Alexa, Google Assistant, Apple HomeKit, Samsung SmartThings, and IFTTT. An additional note: this thermostat actually has Amazon’s Alexa built into it, so it has many of the same features as an Amazon Echo.

The app lets you set schedules, receive reminders and alerts if something seems off, and select “comfort settings” to analyze hot or cold spots in your home.

Ecobee has carved out an interesting niche for itself in a crowded market by using a wireless sensor to detect the temperature of an individual room, and sense if people are inside. It can make per-room adjustments based on the sensor’s readings, so it doesn’t heat unoccupied rooms to save energy. These sensors are small and run on batteries, so you don’t need to set them up near an outlet.

This bundle comes with one sensor, but you can buy more to cover your entire house. Ecobee’s approach makes it easy to intelligently cool larger homes with a single thermostat. That said, the bigger your home, the more sensors you’ll need.

It may not integrate as deeply with your other smart home accessories, but ecobee’s thermostat is the most sophisticated option in this guide.

Buy Ecobee Smart Thermostat $159.00

5. GE Lighting Cync Smart Thermostat

As Cooling Costs Go Up, These Smart Thermostats Basically Pay for Themselves in Energy Savings (5)

GE’s new “Cync” brand impressed us last year with their home security camera, but they continue to follow up with more stellar smart home offerings, including this year’s Cync Smart Thermostat with one standout feature.

Or rather, the one key thing itdoesn’t feature – the thermostat actually doesn’t need a C-wire, an extra wire used in many smart thermostats on the market to provide extra power to HVAC systems, to function. That being said, it still manages to be compatible with most heating and cooling systems.

The Cync Smart Thermostat gives you temperature control from anywhere on your phone, or through voice commands. Even if you like your home office burning hot, but your bedroom cool at night, you can also add on CYNC Temperature Sensors (sold separately) to get ideal temperature in different rooms throughout the day.

To help save energy, you can also enable the thermostat’s eco mode when you’re not home and monitor your HVAC’s usage. Saving on your energy bill might not seem revolutionary, but GE makes little daily improvements even easier with their Cync lineup.

Buy GE Lighting Cync Smart Thermostat $62.99


Do smart thermostats actually save money? ›

Installing a quality smart thermostat can take your energy savings to a new level. In fact, smart thermostats like the ecobee smart thermostat can reduce energy bills by up to 23%. That can translate to hundreds of dollars in savings every year. Smart thermostats are a win-win for homeowners.

How do smart thermostats help save energy? ›

The main way smart thermostats save electricity is by reducing your heating and cooling automatically when it's not needed. The device determines the need by predicting when people are home and away.

How much energy can you save with a smart thermostat? ›

How much will the average ENERGY STAR smart thermostat save? On average, savings are approximately 8% of heating and cooling bills or $50 per year. Savings may be greater depending on climate, personal comfort preferences, occupancy, and/or heating/cooling (HVAC) equipment.

Is a smart thermostat cost effective? ›

According to data from two independent studies of actual Nest customers, smart thermostats can, on average, save customers between 10-12 percent on heating and 15 percent on cooling. Based on typical energy costs, Nest estimates that the average customer can expect to save roughly $140 per year on energy bills.

Does turning down the thermostat cost more money? ›

Your furnace will run less often, and therefore cost you less money, when you set your thermostat at a lower temperature. Why? Because your home's rate of heat loss decreases at lower temperatures. (Here's a simple explanation of the rate of heat transfer.)

How do you save money and energy with smart home devices? ›

Control Your Lighting
  1. Smart Light Bulbs. Smart bulbs are arguably the easiest devices you can incorporate into your home for smart home energy savings. ...
  2. Smart Switches. ...
  3. Smart Thermostats. ...
  4. Smart Ceiling Fans. ...
  5. Smart Blinds and Smart Window Coverings. ...
  6. Smart Plugs. ...
  7. Smart Outlets. ...
  8. Smart Leak Detectors.

How do I lower my electric bill with my thermostat? ›

Raising your thermostat by just one degree in the summer will decrease your electric bill by 2 percent, according to the Edison Institute. The Energy Department suggests setting the thermostat as high as comfortable when you are home — aim for 78 degrees — and several degrees higher when you're away.

How do I set my smart thermostat to save money? ›

You can program a schedule into the device that ensures your temperature moves to an energy-saving setting when going to bed or leaving the house.
  1. Create a Schedule with An App. ...
  2. Adjust the Temperature When You Leave. ...
  3. Remote Access to Your Thermostat. ...
  4. Adjust Automatically During Peak Usage. ...
  5. Track Your Energy Usage.

Do smart appliances help save energy and money? ›

Smart home devices like thermostats and appliances are highly efficient because they can automatically adjust to changing energy needs. Plus, they can detect inefficiencies so electricity, water and gas waste can be minimized. Your energy consumption can be reduced exponentially when smart devices run your home.

Does smart home use more electricity? ›

Yes, smart home devices can save resources. No, not all of them will. Some, such as always-on smart speakers and connected cameras actually use more, because they're not replacing an energy load, they're adding one (although not a significant one).

What should I leave my thermostat on to save money? › suggests that 68 degrees is a good room temperature while you're awake at home but recommends lowering it while you're asleep or away. Lowering your thermostat 7-10 degrees for eight hours a day can reduce your annual heating expenses by as much as 10 percent.

How long does it take for a smart thermostat to pay for itself? ›

We've estimated average savings of $131 to $145 a year, which means the Nest thermostat can pay for itself in under two years.

Does it cost more money to heat or cool? ›

Anyone who's opened an eye-popping energy bill in the middle of winter or one for air conditioning in the summer has probably wondered which system costs more to operate. According to analyses, it's no comparison: heating your home requires four times more energy in the US than cooling your home.

What costs more money heating or cooling? ›

Heating a home tends to cost more than twice as much as cooling a home.

What disadvantages are there to living in a smart home? ›

Cons of having smart devices in your home
  • It's difficult to link systems from different vendors. Many manufacturers develop disctinct systems, making it difficult to integrate new devices with your existing ones made by a different brand. ...
  • The systems can be costly. ...
  • These devices have security flaws and can be hacked.

What happens to smart thermostat when power goes out? ›

When power is lost to the thermostat, the only information it "loses" is the current time. Once power is restored, the thermostat will resume its previous settings and configuration. It will also automatically reconnect to the Wi-Fi network. Once reconnected, all features are accessible again.

What are the disadvantages of living in a smart home? ›

Smart homes are energy-efficient, customisable, and convenient; however, they have downsides like high cost and internet dependence.

Is it cheaper to keep your house at one temperature? ›

Keeping your home at a constant temperature generally means that your HVAC system will run constantly to meet it. This means that your furnace or air conditioner may run when you're asleep, at work, or out of the house. This wastes more energy than the minimal amount that you might save by having it constantly run.

Does cutting heat off at night save money? ›

While some homeowners have considered turning off their heat at night in an attempt to lower their heating bills, it generally is not recommended as a viable option. The fact is, turning your heat off at night creates more potential risk for your home and your family than it does savings on your energy bill.

Is it cheaper to keep the heat on all day? ›

In fact, leaving your heat on all day can actually cost you much more than turning it off every now and then. Heat tends to diffuse, so the high heat in your home will diffuse to areas of low heat outside the home during the winter. So even when you have your furnace on, your home is always losing a little bit of heat.

What is the cheapest way to save energy? ›

No-cost Tips
  • * Use thermostat setbacks. ...
  • * Turn off appliances when they're not being used. ...
  • * Turn off lights when you leave the room. ...
  • * Let the sun heat your house for free. ...
  • * Shut off air conditioning at night. ...
  • * Wash only a full load of dishes in the dishwasher.

Is there any device to reduce electricity bill? ›

MD Proelectra is India's Most Trustable Power Saving Device. This device saves your Electricity bill up to 45%. It doesn't consume power itself and will not increase the additional cost even if it used day and night.

Do smart devices use electricity when off? ›

The short answer to that question is, “Yes, they do.” However, it's important to understand the context. Smart lights are “vampire devices”, which means they use electricity even when they're turned off or in standby mode.

What are 3 ways to reduce your electricity bill? ›

6 Ways to Reduce Your Electric Bill
  • Change Your Thermostat Setting. ...
  • Use Fans. ...
  • Replace Your Air Filter. ...
  • Use LED Bulbs. ...
  • Seal Up Your Home. ...
  • Unplug Appliances Not in Use.

How can I lower my electric utility bills and save money? ›

10 Ways to Save Energy and Lower Utility Bills
  1. Consult a professional.
  2. See what's using the most energy.
  3. Use smaller machines for work and entertainment.
  4. Update old appliances.
  5. Change out old lights.
  6. Replace your showerhead.
  7. Pay attention to your thermostat.
  8. Insulate and reduce air leakage.
16 Jun 2022

How much should you lower your thermostat at night? ›

During colder weather, try keeping your thermostat at 68 degrees while people are home and awake but turning it down by up to 10 degrees while everyone is sleeping or away. In warm seasons, shoot for 78 degrees and push it up to 85 degrees when no one is home.

How do you save on home cooling costs? ›

11 Easy Ways to Lower Cooling Costs
  1. Use Ceiling Fans. Ceiling fans have a big impact in summertime heat. ...
  2. Keep Heat Out with Blinds and Curtains. ...
  3. Install Energy Efficient Window Screens. ...
  4. Seal Home Effectively. ...
  5. Run AC with Cost Savings in Mind. ...
  6. Install a Smart Thermostat. ...
  7. Schedule AC Maintenance. ...
  8. Change Your Indoor Air Filters.

What temperature should I keep my house to save money in summer? ›

Every season has an ideal thermostat temperature and for summer the U.S. Department of Energy suggests that when home, 78 degrees is the sweet spot between staying cool and keeping your energy bill low. Give your air conditioner and energy bill a break by setting your thermostat to 88 degrees when away.

What should I put my thermostat on to save money in summer? ›

To stay comfortable and save money this summer, the U.S. Department of Energy recommends setting your thermostat to 78F (26C) when you are home. Setting your air conditioner to this level will allow you to stay cool and avoid an unusually high electricity bill.

What appliances pull the most electricity? ›

Which home appliances use the most electricity?
  1. Heating and cooling: 45-50% The largest electricity consumer in the average household is your heating and cooling appliance. ...
  2. Water heater: 12% ...
  3. Lighting: 9-12% ...
  4. Refrigerator: 8% ...
  5. Washer and dryer: 5% ...
  6. Electric oven: 3% ...
  7. Dishwasher: 2% ...
  8. TV and cable box: 2%
22 Sept 2022

What is the best energy saver device? ›

  • Eco chargers. It's no secret that many electronics still use energy when they are turned off. ...
  • Smart sockets. If you are looking for a way to save energy, you might as well start by cutting unnecessary energy use. ...
  • Programmable thermostats. ...
  • Energy monitors. ...
  • LED light bulbs. ...
  • Solar panels.
16 Jun 2022

What is the best way to save money on electric? ›

Before you start
  1. Before you start. Understand your energy bill. ...
  2. Switch off standby. ...
  3. Draught-proof windows and doors. ...
  4. Turn off lights. ...
  5. Careful with your washing. ...
  6. Avoid the tumble dryer. ...
  7. Spend less time in the shower. ...
  8. Swap your bath for a shower.

Does turning LED lights on and off use more electricity? ›

Light Emitting Diodes (LED)

Like incandescent bulbs, they are generally unaffected by the number of times you turn them on or off.

What temperature should I keep my house in the winter to save money? ›

Set your thermostat to 68 degrees Fahrenheit in the winter

According to ENERGY STAR, setting your thermostat to 68 degrees Fahrenheit (20 degrees Celsius) when you're home is the ideal balance of comfort and energy efficiency.

What is the cheapest temperature to keep your house? ›

Thermostat Operation

You can easily save energy in the winter by setting the thermostat to around 68°F while you're awake and setting it lower while you're asleep or away from home.

Should you close doors in unused rooms? ›

People commonly suggest closing doors in unused rooms to make a room warmer, but this can harm your HVAC unit. Optimal airflow circulates throughout the entire home evenly, and closed doors act as a barrier. When you close off an entrance, much like blocking a vent, your system cannot do its job properly.

Does Nest thermostat pay for itself? ›

The Nest Learning Thermostat is the first thermostat to get ENERGY STAR certified. It learns what temperature you like and builds a schedule around yours. And independent studies showed that it saved people an average of 10% to 12% on heating bills and 15% on cooling bills. So in under two years, it can pay for itself.

Can I get a smart thermostat for free? ›

On-Going Seasonal Savings

With the instant rebate and the time-of-use enrollment, most smart thermostats on the market are greatly reduced in price or outright free. With the combined savings, you could get the basic Google Nest or Amazon Smart Thermostat for free.

Is it cheaper to cool a house or keep it cool? ›

The answer to the question “is it cheaper to leave your air conditioner on all day?” is a resounding yes. You'll save money on your energy and repair bills, especially during the summer months.

Why is it cheaper to cool a house than it is to heat? ›

Heating a home is more energy-intensive than cooling because of how the home is heated and cooled. Cooling a home involves moving the excess heat out so that it's cooler inside. But heating requires heat energy to warm the air.

Is it cheaper to run an electric heater or air conditioner? ›

Even in many energy efficient homes, or homes that keep up on their ac repairs, wintertime heating costs can sometimes run nearly twice what AC costs to run. In fact, if you live in an older homes, the costs are much higher; heating your house can be almost four times as high!

How can I save money on heating or cooling bills? ›

11 Ways to Save on Your Heating Bill
  1. Seal up air leaks. Let's do some detective work here. ...
  2. Program the thermostat. ...
  3. Let the light in. ...
  4. Shut doors in unused rooms. ...
  5. Wear warm clothing. ...
  6. Get cooking. ...
  7. Buy curtains and shades. ...
  8. Replace the filters.
18 Jul 2022

What is the most cost efficient form of home heating? ›

Geothermal systems provide the most efficient type of heating. They can cut heating bills by up to 70 percent. Like other types of heat pumps, they are also very safe and environmentally friendly to operate.

Does it take more energy to heat or cool water? ›

Increasing the temperature of something makes these molecules and atoms move around more quickly, giving it more thermal energy. Hot water has more thermal energy than cold water.

How do thermostats save energy? ›

But one of the best ways to help save energy, money, and the environment during the colder months is to dial down the temperature of your home by two degrees. Here's a basic rule of thumb: Turn the thermostat to 68 degrees while you're at home, and drop that setting even lower when you leave for the day.

How does a thermostat conserve energy? ›

Programmable thermostats, or smart thermostats, were designed to help save on energy by automatically cutting back on energy consumption via heating and cooling when they are the least likely to be in use.

What are the benefits of smart thermostats? ›

The advantage of a smart thermostat is its ability to learn a household's patterns and adjust heating and cooling according to when a home is occupied or is about to be occupied. This reduces the use of heating and cooling systems when nobody is home for significant periods of time.

Which is the main benefit of the smart thermostat? ›

The most apparent benefit of smart thermostats is they help save energy. They allow precise temperature control like regular programmable thermostats but also learn about your daily habits to fine-tune performance, allowing them to use less energy for heating and cooling.

What temperature should I keep my house at to save money? ›

According to, the ideal home temperature should be between 70 to 78 degrees Fahrenheit. To maximize energy efficiency, turning your thermostat up or down by 8 degrees while you're away from your home can help reduce your heating and cooling costs.

What temperature should I keep my thermostat at to save money? ›

According to ENERGY STAR, setting your thermostat to 68 degrees Fahrenheit (20 degrees Celsius) when you're home is the ideal balance of comfort and energy efficiency.

What is the most energy efficient way to set your thermostat? ›

Thermostat Operation

The smaller the difference between the indoor and outdoor temperatures, the lower your overall cooling bill will be. You can easily save energy in the winter by setting the thermostat to around 68°F while you're awake and setting it lower while you're asleep or away from home.

Does keeping your thermostat lower save money? ›

According to the U.S. Department of Energy, “you can save as much as 10 percent per year on heating and cooling by simply turning your thermostat back seven to 10° for eight hours a day from its normal setting.” The savings is greater for buildings in milder climates than for those in more severe climates.

Does smart thermostat work without Wi-Fi? ›

A smart thermostat can work without Wi-Fi because they do not entirely depend on the internet to function properly. However, the functionality will be limited to controlling the home temperature settings and monitoring your energy usage.

Do smart thermostats have monthly fees? ›

You can choose from many types of smart thermostats, and each one works differently. Some thermostats charge a monthly subscription fee if you want to use the remote control features to adjust the settings via your smartphone. Other options connect to apps that don't charge a monthly fee.

How long do smart thermostats last? ›

With typical use, the smart thermostat will last well over one year when running on battery power alone. The battery can be expected to last even longer if the smart thermostat is powered through the C-wire (common wire). In this case, the batteries will only be used when the power is out.

What are the pros and cons of a smart thermostat? ›

Should you buy a smart thermostat? Pros and cons of the new technology
  • Control the device from anywhere, even from outside your home. ...
  • Smart learning and automatic temperature adjustments. ...
  • Reduced energy consumption = lower utility bills. ...
  • High upfront cost. ...
  • Prone to hacking and cyber security threats.
21 Aug 2019

Why are smart thermostats better for the environment? ›

Smart thermostats reveal that the amount of fossil fuel consumed can be more than is actually needed—helping users identify wasted energy. Such revelations lead to changes in behavior helping to reduce costs, reduce energy consumption, and reduce the demand for fossil fuels that harm people and the planet.

Can a smart thermostat replace any thermostat? ›

Do smart thermostats work with all homes? Strictly speaking, smart thermostats don't work with all homes, but they do work with the vast majority. You typically need a central HVAC system in order to be able to install a smart thermostat. Smart thermostats also require Wi-Fi and a smartphone for full control.


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