Depending on where you live you can save more money by simply using a good size fan blowing cold air into the house at night during the summer. We did just that this summer and did not have to use the air conditioner at all, even during days where daytime temperatures reached well over 100 degrees. On some nights we could get the house down to 65 degrees overnight.
The $250 fan paid for itself in less than a month! Total cost of running it 6 to 8 hours per day was less than $10 for the month.
This was an experiment to determine whether or not a whole house fan would be a worthwhile investment for next year. Obviously, it is.
Next on the list is converting the A/C and heating system to what's known as a "zone" system. Why heat or cool several thousand square feet of a home when you only need one or a few rooms to stay warm or cold?
Next would be what I would call "intelligent flow" management. This is of particular value if you live in a two story home. How is a single thermostat on a wall in the family room downstairs going to make decisions about what is best for heating or cooling the upstairs bedroom? Well, it can't.
What you can do is have sensors in every single room as well as a way to pump air to and from various locations. Cold air will accumulate downstairs. Hot air upstairs. When the downstairs is comfortable in the winter the upstairs is boiling hot. By using this "intelligent flow" concept the system would simply look for suitable sources of what it needs, say, hot air, and choose to use the least costly source before moving on to a more expensive solution.
If the upstairs has three really hot rooms and only one room is occupied, you can pump that hot air back downstairs rather than engaging the furnace. If the sun is keeping the solar collectors nice and hot, use that instead of burning fuel.
Following that is some combination of geothermal and solar assist. A simple $20 microprocessor board with some relays and a few sensors can easily manage a set of valves to select a heat source or sink that is more energy efficient than using a compressor or a furnace.
Granted, some of the above would cost far more than a $250 gadget to implement. However, it should be obvious that they would more than pay for themselves in relatively short order, particularly the first couple of options.
The greater point, I think, is that home energy efficiency is a much larger problem that cannot be addressed in an meaningful manner with a wifi-enabled gadget on a wall, no matter how cool it might look.
The good news is that, if we take a serious look at how we build our homes and change the approach the savings can be absolutely monumental.