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

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:

Read more over on the Nest blog.

Source: Nest (opens in new tab)

30 Comments
  • A thermostat is just an on and off switch. I was seriously considering buying one until I researched thermostats. A $25 7 day programmable thermostat from Home Depot will do everything that most households will ever need.
  • By your comment's down-votes, it seems it's sacrilege here to question a Google product. Be that as it may, it's true that with a programmed "dumb" thermostat, the Nest doesn't really offer much. I too was considering buying one, but from what I understand, it's main advantage is that it essentially programs itself based on what it learn from analyzing your comings and goings. That's certainly cool, but in the end, it's just saving you from programming your own thermostat. Personally, I work from home, so I'm home all day, which would make the learning aspect of the Nest a little pointless. Finally, and I'm sure this will get criticisms, but I've become increasingly distrustful of Google. I just feel their actions are becoming increasingly in conflict with the interests of their customers, assuming you want to consider people who use their products to be Google's customers. So I'm not really interested in another of their products that can and will, if not already is, being used to harvest personal data from me.
  • Having worked in HVAC for a while and installing many programmable thermostats in a number of different homes, apartments, offices, etc. I can say that almost every time I have regretted the decision to get a programmable one. I realized that 1. people are dumb 2. people hate to learn 3. a programmable thermostat will not save you money if you can't build a good schedule 4. People rarely know what a good schedule is and much less never try to fine tune their schedule. Most of the times I returned at put in a good old fashion non-programmable thermostat. Literally I had people building schedules to turn on the heat in the middle of summer in Georgia!! It would be 100 degrees and they are turning on the heat.
    The nest that auto-builds a schedule is wonderful for that market, which sadly is a huge portion of people in America. I have one programable theromstat from the early 80s and a Nest. My wife takes charge of the scheduling. I had to teach her how to do teh 80s one, and she had to keep messing with it. She figured out the Nest schedule builder completely on her own. She said it was super easy. So we have a set schedule during the week days and it auto-adjusts our weekend schedule for us.
    The nest also sends you an energy report and makes suggestions on how to cut down your bill. 80s thermostat doesn't touch that. There are a host of features an old programmable thermostat can't do, if you are just looking for scheduling then yes, take your cheap programmable $35 thermostat and be happy. Connected homes are the wave of the future, the Google is developing partners to make the Nest the center of the connected home.
  • well if we are talking about needs... a standard set it and forget it thermostat is all anybody needs, but if you're trying to be as efficient as possible, it can sure help. hell none of need android, we could all survive with a non-smartphone (hell somehow people made it through the dark days, back when you needed to call somebody while you were not at home meant pumping change into a box on the street) home climate control systems cost $4k -$8k and people can spend thousands of dollars a year heating and cooling their homes. do you really want to cheap out on the one part of the system that you actually interface with and can actually save you money? in the end, this isn't about having just what you need, its another step in the right direction to a connected home.
  • Saving over a dumb thermostat or a programmable one? Posted via the Android Central App
  • From what I read (briefly of the white paper), you might see a savings, but it'll be less if you had it well programmed. NEST does a few other things that the programmable one might not to help save also (something with cooling and turning off the AC early, but leaving the fan on longer depending the humidity).
  • Most decent programmable thermostats do the same thing, so it's not really a feature. Posted via the Android Central App
  • They discussed it, but we have no raw data so no real details, but it was a mix. They do basically say however if you had a programmable already and had it programmed efficiently that you would see much less savings. They just do not give the details, but it probably doesn't take too many people that have dumbs and never turned them back to get huge savings and a thus a higher overall average.
  • The one place where I think it might win out over dumb thermostats is if you couple it with sensors in rooms that are in a heating zone, but are far from the thermostat. We have this problem with our upper bedrooms. When the heat comes on keyed off the thermostat in the cathedral-ceiling living room, it can get quite toasty in our small upstairs bedrooms, uncomfortably so. I am specifically looking at Nest so that I can install motion/timing sensors in the three upstairs bedrooms so that the Nest thermostat can work to the comfort of *those* rooms, and not the big, empty living room. I'm pretty sure we'll be saving money even over our programmables from the get-go.
  • Don't you have thermostats on the radiators in every room? That is quite common in the UK, so our bedrooms are kept cooler than our living rooms.
    More should be built in to houses, such as separate zones that can be controlled individually. When a system allows me from a central control to change the temperature of each room, then I'll think about it.
  • No, we don't have radiators. Our home has baseboard heating.
  • Two year payout?!?! Not a good investment in my opinion. Posted via Android Central App
  • Yeah well it's controlling an item that will last at least 10 years, probably close to 20. My last HVAC condenser made it 17, so yeah you are right, 2 years is just too long. lmfao
  • so u would lose money after that 2 year rather than invest on a 2 year payout? Its not like u r going to stop using heating/cooling
  • I think the 2 years is not for everybody, there are places with extreme temperatures and some places with nice weather most part of the year. Return on Investment is variable. Posted via the Android Central App
  • Great info. they payout info may seem like a long time but considering how long you usually have a thermostat for and all the other benefits it provides (one being a really cool toy for all the "tech nerds") - that's a great value add vs what you have now.
  • I've seriously contemplated getting a Nest... but my house is BIG, and the lack of remote sensors is concerning. Right now I'm leaning towards the EcoBee unit. Still no decision made.
  • You need separate condensing units with heat pumps... That's what I had to get... One furnace, two condensing units, both with heat pumps... Two stats, four sensors. If your house is in the 6-10,000 foot range. Posted via the Android Central App
  • It may pay itself in two years, but, by that time, there will be a newer version of Nest and you will be tempted to upgrade.
  • I kept holding out until Nest 2.0 once Google acquired them but it never materialised for a long time. Bit the bullet on black Friday. I'm really waiting for a complete home package with new drop cams n such.
  • I really fail to see how this is any different than programming a schedule. It actually sounds like more work because you constantly have to fiddle with it for it to learn. Then if you decide to chance your routine you have to reteach rather than just changing your programming. What am I missing? Posted via the Android Central App
  • If you are coming from a dumb thermostat then there is no extra work. You just manage your thermostat like you always have. But after a week or two you don't have to anymore. You didn't have to read a manual to figure out how to program your thermostat. You just did what you always did until you didn't have to anymore.
  • Its a lot about convenience, being able to monitor and adjust your settings from your phone evennwhen not at home. The auto away feature is great, as it automatically shuts off the HVAC system if no one us home, but kicks on at preset temperatures if it gets too hot or too cold (mine is set at 50 degrees and 85 degrees, which prevents damage to the system and your home from extreme temperatures while you're away. Also, if you decide to change the programming, it doesn't have to relearn anything. You can manually adjust the programming from the Nest, your phone, or the web interface at anytime. And rhe Nest monitors your energy usuage and sends you a monthly update via email on how many hours the system ran and why. I love my Nest. Its so much more than a dumb programmable thermostat.
  • You can change the schedule it makes if you see fit.
    Two of the benefits of the Nest that I'm not seeing covered much is that you can see your energy history for the last several days and make changes based on that if you like. The other is the auto-away feature that saves on heating or cooling if no one is home during a time you might normally be.
  • Some utilities are giving rebates when you buy the Nest. CPS Energy gives an initial $85 with purchase then $40 a year after that.
  • I'm not completely convinced yet. It does look cool but it could probably do with a UK (or at least) European website to explain how it actually fits into an existing setup over here. I tried looking at the "Works with Nest" page but there's nothing that talks about heating elements (such as boilers etc) which would be the main use. Just to compare, I went to the website of a competing bit of kit (Hive) and it explains at a high level how it connects to your existing boiler and replaces your current thermostat then connects to your router. The price of the kit includes installation by an engineer so you don't have to worry about that aspect. Nest looks like a more powerful device but if it hard work to fit into older environments then it won't sell here. Have to say, though, one one of the nest pages, a guy says he has reduced his electricity spend from $14 to $10 a day! Wow, that's over $3600 a year, he must have his AC on max all day! I guess he doesn't have gas else it'll cost him even more for hot water!
  • Sounds like nobody's buying it, so the hard sell cometh. Posted via the Android Central App
  • I bought one on black Friday when they were $50 off. It seems like I'm doing better on my bill but I haven't had it thru the summer season when I'm really using the AC. One thing I find funny is that My Nest only let's you view the past 10 days. Nest bought another website called My Energy that can aggregate your utility bills but I wonder how they come up with their calculations.
  • Going from a dumb thermostat for me to a smart one made me more energy aware. That was the largest savings that I have seen from the Nest thermostats. Just this alone put me on track to setting better temperatures lower than I currently had while still being comfortable. I got my investment back from that in just a couple months on the winter. Another smart thermostat can achieve that as well. But, all the small features of the Nest product I have been pleased with so far. With one that learns, I have to trust that it knows what it's doing and that the reason for heating up in pockets throughout the day is its intention to save money. It's tough for me to do so at times as well, and some will never trust technology such as that. But, I do like that it takes weather into consideration, the radiant heat, access from anywhere and monthly reports. I don't have other smart ones to compare to, but I do like the Nest product a lot.
  • This is getting pretty gratuitous. You guys are essentially just marketing for Nest now. I tried to believe the story that you were just doing an "in depth" thing about Nest, but that was supposed to end last week, and yet we have a new, fawning piece on how awesome Nest is (on an Android site, none the less). It's a blog, so you can obviously do what you want, and I will continue visiting because you have the best Android news, but, c'mon, man! Stop jamming this stupid smart thermostat down our throats! Thanks.