A freeze prediction system for components such as one or more water pipes situated in a building. The building may have a heating system, a mechanism with a temperature setting connected to the heating system, and an indoor temperature indicator connected to the thermostat. A call may be made for heat if thermostat setting is greater than an indoor temperature. A check may be made as to whether a call for heat may be answered. Outdoor conditions may be read and accounted for in the system. An expected time may be calculated of a freeze danger. One may determine whether the freeze danger is significant according to the expected time of freeze danger compared to a predetermined time. If the freeze danger is not significant, a regular equipment failed alert may be sent out. If the freeze danger is significant, a pipe freeze warning alert may be sent out.