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Advice: Is the Tado wired thermostat V3 a good idea?
(shop.tado.com)
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Thank you so much, this is very helpful information! What kind of features am I missing out on using it locally? Setting and measuring the temperature sounds to me like a pretty feature-complete thermostat. :) To clarify, I don't actually need any Apple hardware/software to use this, Home Assistant just pretends to be HomeKit connecting to the Tado USB bridge and provides free control from its interface?
Yes that is how it works. But not all features are available through Homekit, most notably you can't set te state for Home/Away. That can only be set through the cloud API.
Be aware Tado just announced limiting access to the Api to 100 calls a day. Which is quite low. For full access you need a subscription for 5 euros a month. Perhaps read up on that before investing.