It seems difficult to be in the energy efficiency space and not be talking about smart thermostats, especially, since they are considered the most wanted connected-home device. We surveyed more than 350 Colorado residents to better understand statewide knowledge and habits when it comes to heating and cooling their homes.
And the survey results are in…
What we found is that while these devices may be the most wanted device, our survey respondents do not know what exactly smart thermostats are, why they need one, or where they can purchase one.
Fewer than 5 percent own a smart thermostat, and 48 percent do not know where they purchase one. Why make such a big deal about these so-called smart thermostats? Well, they offer energy and money savings — saving you up to 10 percent per year on heating and cooling by adjusting the thermostat 7 to 10 degrees Fahrenheit for eight hours a day from our usual setting. This method could save you 5 to 15 percent on energy bills or about $180 a year.
The smart part takes out the manual guessing game – many models learn your habits such as when you like it warmer or cooler in your home based on your schedule.
For the 48 percent, rest assured: purchasing a smart thermostat is simple. For Colorado residents, the purchasing process just got easier. In just a few clicks in the Xcel Energy Store, you can choose a smart thermostat model that fits your home and budget. With a $50 instant rebate, the process is even simpler and more affordable.
Many utility companies are catching on to this expansion in their energy offerings and broadening their relationship with their customers. Xcel Energy is just one example of the changing landscape, and the shift towards a new utility business model.
So next time you’re in the market for an energy efficient appliance check in with your utility company and see their offerings.