How a Smart Thermostat Can Help You Spend Less on Energy

December 07, 2020

Keeping your Plover residence cozy can consume a lot of money. A typical household spends about $172 on monthly utility bills, according to ENERGY STAR®, or approximately $2,060 each year. At least half of that goes to heating and cooling.

Many houses rely on programmable thermostats, but many people don’t take the trouble to program them. The process is time-consuming, complicated and only provides you limited options for desired temperatures. When your home remains at an identical temperature throughout the day, it wastes gas and electricity and negatively influences your monthly costs.

Smart thermostats learn from your routine and adapt the temp to coordinate it. But can getting one really help you spend less money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Reduce on Utility Bills

Independent studies show these devices can result in major savings.

These studies used home energy costs in 41 states before and after installing a Nest smart thermostat. Nest said the study showed its thermostats can save up to 12% on heating and 15% on cooling, producing an approximated savings of $131 to $145 yearly.

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

How Does a Smart Thermostat Work?

After your smart thermostat is put in, you’ll at first set it just like your previous thermostat. You’ll set it up and down, so the thermostat can figure out your preferences. Then, it will start creating a program that helps you conserve more money, whether you’re at home or away. Since it geofences with your smartphone, you won’t have to put it on your list to adjust it when you exit or return.

Pros and Cons of Using a Smart Thermostat

Pros

As we covered prior, smart thermostats give many advantages to your home and heating and cooling expenses, such as:

  • No need to adjust—Your smart thermostat will adjust to your routine, so you don’t have to waste time setting programs or remember to turn it up or down.
  • Knows when you come and go—Because a lot of smart thermostats geofence with your phone, your home will go into an energy-efficient setting when you leave and be cozy when you arrive.
  • Remote temperature management—You’ll be able to see your home’s temperature from nearly any location, because of an app on your phone.
  • Supervise heating and cooling use—Many smart thermostats provide detailed data through their app, like how long you needed heating and cooling on a specific day.
  • Reminders—Select smart thermostats will let you know about crucial maintenance tasks, including when you need to replace your air filter.
  • Additional savings—Most local energy companies provide rebates for smart thermostats, so check with yours for details.

Cons

In spite of that, there’s a couple of points you should contemplate when considering getting a smart thermostat in your house:

  • Compatibility—Depending on the type and age of your heating and cooling system, a smart thermostat might not be compatible. If you don’t know, it’s recommended to ask an HVAC professional like Point Heating & Cooling. We also advise having it professionally installed. This confirms that you have the right number of wires and that it’s hooked up accurately. Some systems don’t include a common wire, which leads to compatibility troubles with a smart thermostat. This wire powers your thermostat, so if your residence doesn’t have a C-wire, we can install one.
  • Housing situation—If you own your residence and want to be there for years, it’s a good investment to have a smart thermostat. If you plan to move soon or rent, we advise waiting unless you want to take the thermostat with you. If you rent, you’ll typically need to get 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 the years can help pay for itself.
  • Lifestyle—Does a family member work from home, or is someone regularly at the house? If that’s your situation, you might not see as big of savings, but you’ll enjoy the benefits of not being required to program or adjust a thermostat.

Rely on Point Heating & Cooling for Your Smart Thermostat Needs

At Point Heating & Cooling, our top goal is to keep your residence comfortable while helping you spend less energy costs. If you’re thinking about installing a smart thermostat, our pros can help, from selecting the best model to expert installation. Give us a call at 715-504-0533 today to learn more.