The exact effect a Honeywell thermostat can have on a home's electric bill depends on an individual’s energy usage as well as the local climate. The main reason for this is the programmable nature of the thermostat, according to ASM.
Once programmed, the thermostat automatically maintains a comfortable temperature level within the home, with advanced programming allowing the owner to change settings quickly in the event of extreme weather. Another feature that helps lower electric bills through reduced energy waste includes geofencing, which connects the thermostat to the owner’s smart phone. The thermostat detects the location of the smart phone and adjusts the temperature based on how far the owner is from home.