Nest Labs yesterday introduced the Nest Thermostat E, a device that combines the efficiency and money savings of approximately $145 a year for most users with improved aesthetics. This joining of easy to use with easy on the eyes is a valuable addition to NRTC’s selection of demand management solutions.
The Nest Learning Thermostat has attracted co-op attention since NRTC entered a distribution agreement with Nest Labs late last year. Electric members can enhance demand management services through the Nest Rush Hour Rewards (RHR) program, which allows electricity users to adjust thermostat settings automatically during peak demand hours, saving money and maintaining comfort in the home.
At the same time, NRTC telephone members have the chance to offer the Nest devices in their retail stores. The new design should be popular in electronics stores heading into the 2017 holiday season.
Smart thermostats, a market Nest created with is first unit introduced in 2011, is growing rapidly. Forecast firm Market Research Future predicts a compound annual growth rate of 23.4 percent over the next several years with $3.5 billion in thermostats sold by 2022.
“Instead of a bold design piece for your wall, the Nest Thermostat E and its frosted display quietly blend into your home,” says Nest’s Maxime Veron in a blog post. “This new display diffuses the light from the screen, so you see softly glowing text and graphics – along with a simplified interface – that are easy to read. And when it’s off, the frosted display takes on a glacier-gray color and fades into the background.”
In other words, when you don’t need it, you don’t see it.
At the same time, the E device has all the energy-saving functions of the earlier Nest model. It turns off automatically when it senses that nobody is home and interacts with RHR to ensure the user does not pay for energy at the highest rates. Users can control the thermostat remotely through smart phones and other connected devices. And the thermostat is as easy to install as it is to operate, with most users able to set it up within 30 minutes.
Nest Thermostat E is available at a retail price of $165. Rebates may apply. NRTC members interested in distributing Nest thermostats and entering the RHR program should contact their regional business managers.