Windows play significant roles in commercial and residential buildings and automobiles, which direct and control light illumination, thermal insulation, natural ventilation, and aesthetics. Various approaches are attempted to make windows “smart” by tailoring their transparency and thermal insulation in response to environmental changes. Hence, there has been much effort to develop smart windows that can dynamically modulate the transmission and reflectance of the visible light and solar radiance into buildings according to weather conditions or personal preferences. Development of smart window materials is also beneficial to applications including wearable sensors, energy harvesting and storage, and medical devices. By carefully matching the refractive indices of nanoparticle (NPs) and polymer matrix, surface chemistry, and their mechanical properties, particle‐embedded polymer composites can exhibit synergistic effects with improved chemical and mechanical stability, enhanced dispersion of NPs, and optimized and stimuli‐responsive optical properties. Here, an overview of recent progresses in the development of smart windows based on electro‐, thermo‐, and mechanoactuations is provided. Additional functionalities, e.g., flexibility, stretchability, and mechanical/chemical stability, can also be achieved by careful choices of NPs and polymers.