By Elizabeth Sheer, Cheapism.com
Most Americans are likely to pay more to heat their homes this year than they did last winter, according to a recent Energy Department report, because of an expected rise in fuel costs. Common theory says that a programmable thermostat can help counteract those high utility bills. But what about the relatively new breed of smart thermostats, including the much-buzzed-about Nest? Do their additional features deliver enough additional energy savings to justify a price tag of $250 or more? The answer may depend more on you than on them.
According to the Department of Energy, consumers can knock as much as 1 percent off their heating bill for every degree they turn back the thermostat when they're not at home for eight hours at a stretch. This sounds great, but most people don't diligently turn the temperature up and down during their comings and goings during the day. That's where aRead More »from Will a Smart Thermostat Pay for Itself?