Will a Smart Thermostat Save Me Money on Utility Costs?

December 07, 2020

Keeping your Kingsville residence comfortable can eat up a lot of money. The average homeowner spends about $172 on monthly energy expenses, according to ENERGY STAR®, or approximately $2,060 annually. At least half of that is consumed by heating and cooling.

Most houses have programmable thermostats, but most people don’t bother to program them. The process is time-consuming, involved and only gives you limited options for desired temperatures. When your home stays at an identical temp throughout the day, it consumes energy and negatively impacts your monthly costs.

Smart thermostats pick up on your routine and adjust the temp to coordinate it. But can using one really save you money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Decrease on Energy Bills

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

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

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

How Does a Smart Thermostat Work?

After your smart thermostat is installed, you’ll initially use it just like your previous thermostat. You’ll set it up and down, so the thermostat can determine your needs. Then, it will get to work making a program that helps you save money, whether you’re at home or gone. As it geofences with your smartphone, you won’t have to put it on your list to adjust it when you exit or come home.

Pros and Cons of Having a Smart Thermostat

Pros

As we covered previously, smart thermostats give a lot of perks to your residence and utility expenses, including:

  • No need to set—Your smart thermostat will learn your activities, so you won’t be required to use up time using programs or remember to turn it up or down.
  • Knows when you come and go—Since lots of smart thermostats geofence with your phone, your house will go into an energy-efficient setting when you leave and be comfortable when you get back.
  • Remote temperature supervision—You’ll be able to see your residence’s temperature from just about any location, on account of an app on your phone.
  • Monitor heating and cooling use—The majority of smart thermostats provide detailed data through their app, such as how long you used heating and cooling on a particular day.
  • Reminders—Select smart thermostats will alert you to crucial maintenance tasks, including when you need to put in a new air filter.
  • Added savings—Many local energy companies provide rebates for smart thermostats, so check with yours for more information.

Cons

In spite of that, there’s several things you should take into account regarding getting a smart thermostat in your residence:

  • 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 recommended to check with an HVAC professional like Four Seasons Air Conditioning and Heating LLC. We also suggest having it professionally installed. This ensures that you have the correct number of wires and that it’s hooked up correctly. Some systems don’t include a common wire, which creates compatibility issues with a smart thermostat. This wire energizes your thermostat, so if your residence doesn’t have a C-wire, we can put one in.
  • Housing situation—If you own your house and plan to live there for many years, it’s a smart investment to install a smart thermostat. If you’re planning to move soon or rent, we recommend holding back unless you want to take the thermostat with you. If you rent, you’ll typically need to get your landlord’s permission first in advance of getting a new thermostat.
  • Cost—Smart thermostats cost more than programmable thermostats, and we advise 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 often at the house? If that’s your situation, you might not see as big of savings, but you’ll have the perks of not having to program or adjust a thermostat.

Depend on Four Seasons Air Conditioning and Heating LLC for Your Smart Thermostat Needs

At Four Seasons Air Conditioning and Heating LLC, our main priority is to keep your residence pleasant while helping you save on heating and cooling costs. If you’re considering installing a smart thermostat, our pros can help, from choosing the right model to expert installation. Call us at 361-214-1203 today to learn more.