Honeywell is getting set to compete directly against Nest in the smart thermostat market. The new thermostat is called the Lyric and it will sell for $279. It will be able to connect via Wi-Fi and can be controlled by the user's smartphone.
Honeywell plans to make Lyric a platform with other products using the same connectivity with smartphones and other devices via Wi-Fi. The Lyric thermostat can be purchased now via HVAC contractors. It will turn up in Lowes stores around the US in August.
The thermostat has a large external ring that rotates to adjust temperature. The device has a clicking sound with each degree you adjust the temperature. Two buttons allow the owner to choose at home or away settings. It also offers a 12-hour weather forecast on the screen. Lyric is also able to compensate temps inside the home by automatically changing the temperature settings slightly on hot and humid days to keep the home comfortable.