2015 Best Programmable Smart Thermostat Reviews — Smart thermostat installations in homes in North America grew by 105 percent to 3.2 million in 2014, according to a research report from Berg Insight. Berg Insight forecasts that how many dwellings with smart thermostats in North America will grow at a compound annual growth rate (CAGR) of 64.2 percent during the next five years to reach 38.2 million in 2019.
Why has Smart Thermostat Installations Increased?
Consumers have adopted smart thermostats mainly because of the capacity for energy savings, increased comfort, and convenience. Smart thermostats are a particularly attractive in the smart home market, consumers, and HVAC contractors, says the report.For HVAC businesses, new possibilities are opened up by smart thermostats to introduce consumer-friendly demand response and energy efficiency applications.
These applications can enable significant capital savings as lower peak load can reduce expenditures on reserve power generation and the need to purchase energy. Adding intelligence to residential cooling and heating systems opens up new opportunities for HVAC service providers. Remote diagnostics and predictive maintenance can allow maintenance and repair actions to be streamlined and conducted more economically.
Choosing a Smart Thermostat: What to Look For
When choosing a programmable smart thermostat, focus on your ideal comfort level and how you want to improve energy efficiency in your home. Next, choose a smart thermostat with an easy-to-use design and reliable technical support. Above all, choose a smart thermostat that thoroughly meets your needs. Programming a smart thermostat is an affordable way to keep your home comfortable for your family.
By choosing the right smart thermostat, you can make sure you never spend money on wasted energy. Using less energy allows you to help the environment and may even qualify you for added financial incentives from the government or your local utility company.
The North American smart thermostat market is led by Nest, Honeywell and Ecobee that each has sold hundreds of thousands of smart thermostats, primarily through the retail, utility and professional installer channels. These companies are joined by vendors such as Radio Thermostat Company of America and RCS that have gained traction especially in the whole-home system channel through partners such as ADT, Vivint and Alarm.com. Other contenders on the North American market include Emerson, Lennox, Quirky, Trane Thermostat Controls and Venstar.
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