Do Smart Thermostats Really Save Money on Heating and Cooling?

December 07, 2020

Keeping your Middletown house comfy can eat up a good amount of money. The average homeowner spends about $172 on monthly utility expenses, according to ENERGY STAR®, or approximately $2,060 annually. At least half of that goes to heating and cooling.

The majority of residences have programmable thermostats, but many people don’t take the time to program them. The process is annoying, detailed and only provides you limited options for desired temperatures. When your home stays at an unchanging temperature throughout the day, it requires energy and negatively influences your monthly expenses.

Smart thermostats learn from your schedule and regulate the temp to accompany it. But can having one really help you spend less money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Decrease on Utility Expenses

Independent studies have found these devices can lead to big savings.

These studies involved home energy bills in 41 states before and after adding a Nest smart thermostat. Nest said the study found its thermostats can save up to 12% on heating and 15% on cooling, resulting in an estimated savings of $131 to $145 annually.

With the common smart thermostat running between $100–$250, those savings can help it pay for itself. And many local energy companies have rebates for smart thermostats since they’re ENERGY STAR® certified.

How Does a Smart Thermostat Work?

After your smart thermostat is put in, you’ll first use it just like your previous thermostat. You’ll turn it up and down, so the thermostat can figure out your wants. Then, it will get to work creating a program that helps you conserve more money, whether you’re at your house or out and about. Since it geofences with your smartphone, you won’t have to think about adjusting it when you leave or return.

Pros and Cons of Getting a Smart Thermostat

Pros

As we covered before, smart thermostats give lots of advantages to your home and energy bill, like:

  • No need to set—Your smart thermostat will pick up on your routine, so you won’t need to spend time using programs or remember to turn it up or down.
  • Knows when you arrive and go—Since a lot of smart thermostats geofence with your phone, your residence will be put into an energy-efficient setting when you leave and be comfy when you arrive.
  • Remote temperature supervision—You’ll be able to see your house’s settings from nearly any location, on account of an app on your phone.
  • Watch heating and cooling use—Most smart thermostats provide detailed data through their app, such as how long you used heating and cooling on a particular day.
  • Reminders—Some smart thermostats will remind you of important maintenance tasks, including when you’re due to change your air filter.
  • Extra savings—Many local energy companies provide rebates for smart thermostats, so call with yours for details.

Cons

In spite of that, there’s a few things you should take into account when considering installing a smart thermostat in your home:

  • Compatibility—Depending on the type and age of your heating and cooling system, a smart thermostat might not function with it. If you don’t know, it’s best to contact an HVAC specialist like SchagrinGAS Company. We also advise having it professionally installed. This guarantees that you have the correct number of wires and that it’s hooked up right. Some systems don’t include a common wire, which leads to compatibility issues with a smart thermostat. This wire powers your thermostat, so if your home doesn’t have a C-wire, we can put one in.
  • Housing situation—If you own your residence and are planning to be there for a long time, it’s a smart investment to have a smart thermostat. If you plan to move in the next year or rent, we recommend holding back unless you want to take the thermostat with you. If you rent, you’ll typically need to have your landlord’s permission first before installing a new thermostat.
  • Cost—Smart thermostats are more expensive than programmable thermostats, and we suggest having yours professionally installed. However, the energy savings over time can help pay for itself.
  • Lifestyle—Does a family member work from home, or is someone frequently at the house? If that’s the case, you might not see as large of savings, but you’ll enjoy the convenience of not having to program or adjust a thermostat.

Depend on SchagrinGAS Company for Your Smart Thermostat Needs

At SchagrinGAS Company, our number one priority is to keep your residence pleasant while helping you conserve more energy expenses. If you’re thinking about installing a smart thermostat, our pros can help, from choosing the ideal model to expert installation. Contact us at 302-231-1380 today to learn more.