Nest, which is now owned by Google, pioneered the idea of a smart thermostat. Now several years later, Honeywell has a Nest competitor that might actually do well in the consumer market.
Called Lyric, Honeywell’s new WiFi-connected thermostat costs $279 and will be available at a Lowe’s near you by August. While it may be too late for the Lyric to compete with the Nest, Honeywell sees it as just the beginning of its entry into the world of the the smart, always-connected home. And being a launch partner with Apple’s HomeKit in iOS 8 could mean that more people buy the Lyric over Nest in the months to come.