Should you buy a smart thermostat?

A smart thermostat allows you to control your heating and cooling systems remotely 171 6001828 0 14099848 300

Across the globe, more and more homeowners are installing smart thermostat systems that give them the technology they need to reduce their energy bills. The idea of a smart home - one in which temperature is efficiently controlled via smartphone, for example - may not be so far in the future after all. In fact, a recent report by Berg Insight found that the smart thermostat market abroad picked up tremendous steam in 2014. Will this trend be reflected Down Under?

Smart thermostat market abroad

The Berg Institute compiled the data on smart thermostat installations across North America and Europe. Overall, 3.2 million installations were counted, marking an increase of 105 per cent from the previous year. Broken down by continent, the numbers indicated a 107 per cent rise in installations in North America and a 96 per cent rise in Europe.

How do smart thermostats work?

So how exactly to smart thermostats help reduce your electricity bills? These kinds of products are generating more and more buzz everyday, but how are they different from thermostats that already use feedback systems to regulate temperature?

According to LifeHacker, smart thermostats have a number of features that their standard counterparts do not. First, they allow you to program a set temperature for various times a day. This means you can keep your air conditioning running more strongly during the after-work hours only, thereby saving power during the workday. You can also adjust your temperature settings remotely, such as from your smartphone.

The thermostat can track your preferences and learn your habits, as well as provide information about energy expenditure. This means that your thermostat should be able to tell you exactly how much money you're spending on your heating and cooling system. It can also tell you how long it will take to heat or cool your home to the desired temperature so you can delay turning on the air until it's absolutely necessary.

What smart thermostats are available in Australia?

With the market growing ever-larger abroad, there's no doubt that more and more Australians will be converting to these types of devices. Google's Nest Learning Thermostat is arguably the most well-known choice, as it's been pioneered by the tech giant. Other popular options include the Ecobee3 Smart Thermostat and the Honeywell Lyric Thermostat.