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5 Things You Should Know About Smart Thermostats For Your Properties

It’s THAT time of year again on Long Island. Summer slowly turns into fall and before you know it, the winter chill is in the air. Now, I’m sure you enjoy turning your home thermostat all the way up in the winter. Why not treat your landlords as well? 

According to one report by Google, the average U.S. customer of the Nest smart thermostat saved 10% to 12% on their heating bills and about 15% on cooling, which adds up to savings of $131 to $145 per year (for just one home!) This winter, you too can have a smart thermostat that will add value to your properties, while also bringing cheer to your landlords!

5 Things You Should Know About Smart Thermostats:

  1. How Does It Work?
    • Smart thermostats can control your temperature according to a schedule you set, but many can figure out what temperature is best on their own, without any help from you. Using geofencing, some thermostats know when you leave the house and can adjust the climate accordingly. Many thermostats are also analytics experts, generating a monthly report on your energy usage and how it compares to other time periods. Overall, these thermostats aren’t just convenient, but they can also save you money over time (Forbes.) 
  1. What Brands Of Smart Thermostats Are Avaialble On Long Island?
    • Nest Learning Thermostat (Third Generation)
      • Nest Learning Thermostat “learns” your temperature preferences during its first week in service and then creates a schedule on its own (of course, you can adjust this schedule manually). It can switch to ECO mode if it thinks you aren’t home, can detect potential problems with your HVAC system, and can even tell you how long it will take your home to reach the desired temperature. The thermostat can display the weather, humidity level inside your home, and more 
    • Ecobee Smart Thermostat with Voice Control
    • Bosch Connected Control BCC100 Thermostat
    • Honeywell Lyric T5 Smart Thermostat
      • Supports Siri and Alexa voice commands and it can work with Apple HomeKit. It also offers geofencing technology, which enables it to turn your heating and central air conditioning off and on when you leave and return home.
  2. What Are The Benefits For A Property Manager?
  • Save money on heating and cooling expenses 
  • Automatically adjust temperatures in unoccupied units to save energy (lowering operating costs and strengthening security and safety)
  • Identify system issues that lead to energy waste
  • Monitor units to prevent abuse of shared energy matters (Parks Assocaites
  1. What Are The Benefits For Residents?
  • Ability to learn your schedule and turn itself down when the room is vacant (NY Times)
  • Balances temperatures around your home to make you comfier while using less energy 
  1. What Is The Cost Of Smart Thermostats?
  • Smart thermostats can range from different pricing, depending on the quality of the product, varying features, and quantity you are seeking to install. 

Interested in a quote for your next property? Meet with one of Powers ioT’s Long Island-based Account Representatives today and we will walk you through the details of adding smart thermostats to your apartment, office, or other MDU.


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