Honeywell (yes, Honeywell) has announced their own smart thermostat to compete with Google's Nest. The Lyric, which was first leaked in April, has now been officially announced and is priced at $279. It has some visual kinship with the round Nest and thermostats of old, but it has some different tricks up its sleeves.
Visually, Lyric resembles Nest in terms of its round design with a circular display in its center (though it's not terribly large). Inside, the device uses Wi-Fi to connect to a mobile app (iOS and Android versions have been announced) so that users can set their heating and cooling temperatures inside their dwelling to their desired levels.
Lyric's biggest bullet point is its use of geofencing. In basic terms, when a person leaves their home with their smartphone, the Lyric senses when they depart and adjusts the temperature inside to a level designed to save money. When that same person makes the return trip home, the Lyric again detects when the person is getting close and adjusts the temperature again to make sure that the home is comfortable again when the home owner enters.
The Fine Tune feature factors indoor and outdoor temperature, humidity, and weather into its algorithm, enabling it to provide the most comfortable temperature for homeowners. No other do-it-yourself Wi-Fi thermostat on the market today does that.
While the Honeywell Lyric is already available to purchase by professional heating and cooling contractors, it will be sold to the general public, via Lowe's, sometime in August.