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New Offerings From Honeywell and Ecobee Show That Smart Thermostats Are Getting Cheaper

Nearly six years ago, before Nest Labs had even come out of stealth mode, a Wi-Fi-connected smart thermostat hit Home Depot shelves for $99. At the time, it was an incredibly competitive price point. Fancier versions of connected thermostats with underlying software, such as ecobee, retailed for approximately $500. Now, high-end thermostats are coming down in price. In October, Honeywell’s Lyric T5 hit stores for $149, and ecobee announced its $169 ecobee3 lite would be available by the end of the month.
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