See how the Nest Thermostat could pay for itself in just two years

By Rich Edmonds on 2 Feb 2015 09:50 am

Considering the Nest Thermostat, but aren't entirely sure if it's worth the investment? The company aims to help sway your decision by showing just how much money the home connected device can save you. Nest isn't your average programmable thermostat, it's a smart device that learns and adapts to your preferences.

The company found that consumers in the US with Nest installed saved between 10-12% on their heating bills.

That amount, alongside approximately 15% on cooling bills, equates to around $145 a year in savings, which isn't bad. In fact, the company states the thermostat can literally pay for itself in under two years. The data comes from two independent studies that will be followed by an internal study. Nest has also released a white paper showing how the thermostat can save energy, which is worth reading if you're considering the purchase.

Finally, here's a neat infographic showing how the company has updated the Nest thermostat with new features and improvements:

Nest Features

Read more over on the Nest blog.

Source: Nest

Reader comments

See how the Nest Thermostat could pay for itself in just two years

1 Comment

I did the rough math based on just under 2 years and I saved a lot. I did not adjust numbers for fuel cost changes, only total usage. I live in a drafty old house (c. 1790) with 3 zones and just using Nest with the heating system has dropped usage about 20%.

I believe that the process of evaluating your usage goes a long way towards optimizing your usage. Just measuring what you are doing with Nest drives you towards improvement.