Are smart thermostats worth it?
There are several factors that will affect whether installing a smart thermostat will save you money on your heating bills. This includes which smart heating control you choose to install, and how you take advantage of the different features it offers. It will also depend on how well insulated your property is, and what type of boiler system you use.
Smart thermostats and savings on your bills
Who will save money with a smart thermostat?
- If you want to be able to see exactly how much heating you’re using and how much it is costing you, it'll empower you to make lifestyle changes.
- You'll get the most from one if you're a tech-savvy smartphone or computer user and are comfortable using apps.
- Those with a busy lifestyle who want to be able to programme their thermostat on the go.
- If you have a regular routine, some smart heating controls, such as Nest and Hive, can learn your routine and ensure your home is only warm when it needs to be.
- Those who are likely to stay in the same property for several years, as they can recoup the cost of installation through savings on their heating bill.
Who won't save money with a smart thermostat?
- Those who are generally quite forgetful and, for instance, forget to use the app to remotely switch their heating on or off.
- Non-smartphone or computer users. Although you could opt for a learning thermostat, such as Nest, that can remember your routine.
- People who are planning on moving within the next year or two, as they may not have time to recoup the cost of installing the smart heating control through savings on their heating bills.
- If you have a poorly insulated property. It is a better idea to start by improving the energy efficiency of the property before installing a smart heating control.
If you want to save money, we recommend you ensure your property is . You should also make sure you are getting the best deal on your energy bills – see how much money you can save by using our price comparison site, , to find the cheapest energy deal.
How long will a smart thermostat take to pay for itself?
Many smart thermostat manufacturers spell out how much money you can expect to save after installation.
For instance, Tado says that its smart thermostat ‘will pay for itself within a year’ by reducing your heating bills by up to 31%. Netatmo claims that its smart thermostat will reduce the energy you use by 37%. And British Gas says that its Hive smart thermostat could save you up to £130 a year on your energy bills.
But all these estimates assume that, before you started using the smart thermostat, you left your heating set to maintain a constant temperature during the day. So if you already turn off the heating when you leave your home, you're unlikely to save as much as the manufacturers claim.
A study carried out for British Gas states that the energy savings you achieve with the Hive would be much smaller if you previously only had the heating on for part of the day. It also reveals that in a scenario where the heating was previously just on for a few hours a day on weekdays, switching to Hive's default schedule would actually cause you to use more energy.
In short, be wary of the big headline savings claims made by smart thermostat companies. Unless you're in the habit of leaving the heating on while you're out of the house, the savings you make aren't going to be large enough to save you hundreds of pounds a year.
Top three smart thermostats
In the table below we've highlighted three smart thermostats that performed brilliantly in our tests.
They're easy to install, the apps are easy to use, they have great features, and critically the thermostats are accurate and responsive to temperature changes.
Tables last updated 01 April 2021