How can the Nest thermostat save you money on your utility bills?
Programmable thermostats have been available for many years now. The problem is that most people never bother to program their thermostat, meaning they don’t save any money. Other people don’t have a set schedule, so therefore they can’t set their thermostat to save them money.
The Nest thermostat is a special type of thermostat called a smart thermostat. Smart thermostats program themselves to save you money. Connecting via wifi, and using location data from your smartphone, the weather forecast and using other information,the Nest thermostat knows when it should turn off your HVAC equipment to save you money. There is little benefit to keeping your home at 72 degrees all day if you are going to be at work. By setting your “eco temperature” even a few degrees higher (or lower, depending on the time of year) you can save considerable money. The Nest has been well studied in use and is proven to save people money. Nest has been on the market the longest out of all the smart thermostats. According to the whitepaper of a study conducted on the nest, it will pay for itself within a year or two. Rebates from utility companies to cover part of the purchase price are available in many areas.
My Experience with the Nest Thermostat:
I had never installed a thermostat before. Yet, I was able to install the Nest in 30 minutes. I bought a Nest Thermostat in the first week of February of 2017. In January of 2017 my gas bill (heating expense) was $200. February was mild in Missouri and after installing the Nest my bill had dropped to $165. Throughout the summer months my electric usage has been down 15.5% year over year despite 2017 having a higher average temperature in my location. I was skeptical of the Nest at first but now I’m glad I made the investment. So, invest in a Nest thermostat and you can go green and save some money too.