Everyone has heard of smart technology and how it creates a smart home tailored to you. Smart technology is offering new ways to save on those utility bills, automate routine actions, and help us all reduce our environmental impact, which makes upgrading to a smart home sound very smart indeed. But you might be wondering if the initial cost of smart technology is always offset by financial savings.

When it comes to smart thermostats, you may think that you have to replace every thermostat in your home to see significant energy savings. However, this is not the case!

How Does a Smart Thermostat Save You Money? 

A smart thermostat ensures you use as little energy as possible. Simply: use less energy, save more money. But don’t worry, your home will still be toasty warm, it will just be heated in a more energy-efficient way. A great first step to take advantage of your smart thermostat’s capabilities is by creating a schedule for your home’s heating, so you’re not wasting energy when you’re not there. Many devices have energy charting features that help track your energy usage. You can take all this information and use it to create a more efficient heating schedule. For further details on how a smart thermostat can help you save, check out this blog.

Now the Big Question: Does the Amount of Savings Pay for the Cost of the Device? 

The amount of savings you see from using a smart thermostat depends on several factors such as your geographic location, your preferred temperature settings, and your home’s size and heating system.

If the cost of outfitting your entire home with smart thermostats seems daunting, just start with your most commonly used rooms. This is where most of your savings will come from. Once your savings start rolling in, just add more devices to your home to watch that heating bill just go down and down.

People see the most significant energy (and ultimately financial) savings after placing smart thermostats in the rooms that they heat the most. This could be your kitchen, living room, main bedrooms, and bathrooms. Putting a smart thermostat in a rarely used guest bedroom would be super convenient, but you just won’t see as many savings. Just start small and upgrade the main rooms of your home first. 

For a real-life example, read about how Alex Ordanis from Toronto saved 54% of his monthly electricity bill with Mysa’s Smart Thermostat for Electric Baseboard Heating.

Start Small for a Quick Financial Return

There are many reasons to own a smart thermostat. If your primary concern is a quick financial return from your really smart investment, start small before replacing every thermostat in your home with a smart device. When you see how much smart thermostats reduce your energy consumption, it will help determine if you should invest further in smart technology.

So what are you waiting for? Check out Mysa and start saving today!