How Does a Smart Thermostat Save Money on Energy Bills?

December 07, 2020

Keeping your Brookfield residence comfortable can eat up a good amount of money. A typical family spends about $172 on monthly utility bills, according to ENERGY STAR®, or about $2,060 each year. At least half of that is consumed by heating and cooling.

The majority of houses rely on programmable thermostats, but the majority of people don’t take the trouble to use them properly. The process is annoying, involved and only gives you a couple of options for desired temperatures. When your residence stays at an unchanging temperature throughout the day, it wastes gas and electricity and negatively influences your monthly costs.

Smart thermostats adjust to your day-to-day activities and adapt the temperatures to coordinate it. But can getting one really conserve money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Reduce on Energy Bills

Independent studies have determined these devices can lead to major savings.

These studies included home heating and cooling 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 estimated savings of $131 to $145 yearly.

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

How Does a Smart Thermostat Work?

After your smart thermostat is ready to go, you’ll at first use it just like any other thermostat. You’ll turn it up and down, so the thermostat can determine your desired settings. Then, it will begin making a program that helps you conserve more money, whether you’re at home or out and about. Because it geofences with your smartphone, you won’t have to remember to adjust it when you leave or come back.

Pros and Cons of Having a Smart Thermostat

Pros

As we covered prior, smart thermostats offer a lot of pluses to your house and energy bill, such as:

  • No need to adjust—Your smart thermostat will adjust to your activities, so you won’t be required to waste time setting programs or remember to turn it up or down.
  • Knows when you come and leave—Because many smart thermostats geofence with your phone, your residence will go into an energy-efficient setting when you go and be comfy when you return.
  • Remote temperature supervision—You’ll be able to keep an eye on your residence’s temperature from just about any location, due to an app on your phone.
  • Supervise heating and cooling use—Many smart thermostats provide in-depth data through their app, like how long you needed heating and cooling on a specific day.
  • Reminders—Certain smart thermostats will let you know about important maintenance tasks, including when you need to change your air filter.
  • Additional savings—Many local energy companies provide rebates for smart thermostats, so contact with yours for details.

Cons

However, there’s a couple of areas you should contemplate when considering adding a smart thermostat in your home:

  • Compatibility—Based on the type and age of your heating and cooling system, a smart thermostat might not be compatible. If you’re not sure, it’s advisable to contact an HVAC professional like Central Air LLC. We also suggest having it professionally installed. This confirms that you have the proper number of wires and that it’s connected accurately. Some systems don’t have a common wire, which causes compatibility problems with a smart thermostat. This wire runs your thermostat, so if your house doesn’t have a C-wire, we can add one.
  • Housing situation—If you own your house and are planning to reside there for a long time, it’s a good investment to install a smart thermostat. If you plan to move soon or rent, we recommend delaying unless you will take the thermostat with you. If you rent, you’ll often need to get your landlord’s permission first before putting in a new thermostat.
  • Cost—Smart thermostats are pricier 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 frequently at the house? If so, you might not see as many savings, but you’ll enjoy the benefits of not needing to program or adjust a thermostat.

Trust Central Air LLC for Your Smart Thermostat Needs

At Central Air LLC, our number one priority is to keep your house comfortable while helping you conserve more heating and cooling expenses. If you’re wanting to install a smart thermostat, our specialists can help, from selecting the ideal model to expert installation. Call us at 203-357-5913 today to learn more.