Replace Your Thermostat with Nest Learning Thermostat

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Services for Real Estate Pros with Trulia

Replace Your Thermostat with Nest Learning Thermostat

Nest Learning ThermostatNest Labs just announced their new learning thermostat yesterday which seems really really intriguing.  The story may be more interesting than the actual product, but let's see.  My former company was a cleantech company called Bio Architecture Lab which is converting low cost seaweeds (macroalgae) into biofuels and renewable chemicals.  Change the world technology, but it will take a long time and a significant amount of capital to get to market.  They are making a great run at the opportunity with large partnerships in Chile, Norway, and with DuPont in the US.  So, I have a lot of interest in clean technology and global warming.  (By the way, due to the global economic meltdown, global warming and clean technology have definitely gotten sidelined as people are more focused on work and the media is most focused on Occupy Wall Street and wealth inequality).

Yesterday, the father of Apple's iPod and iPhone Tony Fadell announced his new company called Nest Labs which wants you to replace your thermostat with the Nest Learning Thermostat.  So why is one of the most sought after technologists in the world focused on a product to replace your thermostat?

In Tony Fadell's words:

  • He had an amazing run with Apple and no other job creating mobile phones could ever compare to Apple.
  • He wanted to do something meaningful and reducing global warming / climate change was a big problem to solve.
  • 50% of a home's energy consumption is controlled by the thermostat.
  • The thermostat is not a loved object.  It is built for the contractor and not the consumer or home owner.

So, over the past two years, Tony Fadell and his team have created a LEARNING THERMOSTAT with algorithms to automatically manage the climate in a home, save money and energy.  The video, articles and pictures are extremely compelling.  Links to some of the articles, videos, and pictures below.

Nest Labs - Maker of the Nest Learning Thermostat

Wired Magazine Article on Nest Learning Thermostat

Nest Labs Video Tour

NYTimes Article on Nest Labs

BUT the catch is that it costs $250 to replace your thermostat with the Nest Learning Thermostat, which is very very expensive compared to your standard Carrier or Honeywell thermostat.  That's 5-10x more expensive than the average programmable thermostat.

SO, would you pay $250 to replace your thermostat with the Nest Learning Thermostat?

 

 

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Nikesh Parekh

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  1. Maureen McCabe 10/28/2011 08:43 AM
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Rainmaker
349,320
Bill & Cyndi Daves
Hiawassee, Young Harris, Blairsville, Hayesville, Murphy and Beyond! - Hiawassee, GA
TeamDAVES - Your REALTORS In the GA/NC Mountains!

Niki - If spending $250 TODAY allows me to save hundreds down the road due to lower energy bills, then it's a great investment.  The challenge today is simple - in our 'microwave' society, people are looking for instant gratification.  If my house is hot and I want it to be cooler, I want it right NOW.   I'm not sure how this one functions but if it follows trends, climates and my personal habits - it may have a hard time synchronizing with one of my hot flashes!!!

All in all though - I think it's an excellent idea!!

Oct 25, 2011 01:44 PM #1
Ambassador
993,190
Craig Rutman
Helping people in transition - Cary, NC
Raleigh, Cary, Apex area Realtor

I would only pay that kind of money if the savings on my gas and electric bills would be recouped in a short period of time. It's all about ROI for me.

Oct 25, 2011 02:14 PM #2
Staff
472,694
Kerrie La Guardia
ActiveRain, Community Manager - Kirkland, WA
Let it Rain!

If it guaranteed that my out of this world high electric bills would reduce, you bet I would!

Oct 25, 2011 02:50 PM #3
Rainmaker
1,075,210
Ginny Gorman
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Nikki, if i had a 3000+ square foot home there would be no question this is the way to go...i have  a programmable for my 1400 sq.ft. home and it does the trick but he is definitely onto something here !

Oct 25, 2011 05:04 PM #4
Ambassador
1,514,748
Tammy Lankford
Lane Realty - Eatonton, GA
Your Lake Sinclair Expert (706-485-9668)

If I didn't aleady have a thermostat programed to my ideal engery saving settings I could see the investment.  But I don't think I could get any better savings.  I have mine programed to change several times a day each day based on our use and comfort. 

Oct 25, 2011 06:28 PM #5
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1,679,561
Margaret Rome, Baltimore Maryland
HomeRome Realty - Baltimore, MD
Sell Your Home With Margaret Rome

Yes if it made the programing easy...like a no brainer. And it would also be energy efficient, sure I would  buy it. Now to convince TLH.

Margaret

 

Oct 25, 2011 10:26 PM #6
Rainer
356,137
Lauren Selinsky Perez
CA Coastal Estates- Monarch Bay Real Estate DP - Laguna Hills, CA
REO -CEO - CDPE - SHORT SALES - Woman Owned

You got me (or they) at energy efficiency~ ;) Heck yeah!

Oct 26, 2011 03:25 AM #7
Rainmaker
233,922
Anne M. Costello
Weidel Realtors - Yardley, PA

Niki: I will be looking for this thermostat in our area. We are not exactly early adopters here. If the product is easier to program and offers the right savings, it would definitely be worth it. BTW, we have a local company in Bucks County working with algae as well. This is a fascinatiing concept and it will be interesting to see who invests and who gets to market first.

Nov 01, 2011 06:52 AM #8
Rainmaker
959,804
Adrian Willanger
206 909-7536 TheHomeFunnel.com - Seattle, WA
Profit from my two decades of experience
Hello, These are really amazing! I see Home Depot just lowered their price to $170. Honeywell and GE are trying to catch up.
Oct 31, 2013 05:30 AM #9
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Nikesh Parekh

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