Will a Smart Thermostat Save Me Money on Heating and Cooling Costs?

December 07, 2020

Keeping your Neptune City home comfortable can consume a good amount of money. A typical family spends about $172 on monthly energy bills, according to ENERGY STAR®, or around $2,060 each year. At least half of that is for heating and cooling.

The majority of houses rely on programmable thermostats, but many people don’t bother to program them. The process is bothersome, complicated and only provides you a few options for temperature changes. When your residence stays at an unchanging temperature throughout the day, it consumes energy and adversely impacts your monthly expenses.

Smart thermostats pick up on your schedule and modify the temperatures to accompany it. But can installing 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 determined these devices can produce large savings.

These studies used home heating and cooling expenses 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 approximated savings of $131 to $145 each year.

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

How Does a Smart Thermostat Work?

After your smart thermostat is installed, you’ll initially set it just like your previous thermostat. You’ll set it up and down, so the thermostat can figure out your wants. Then, it will get to work making a program that helps you save money, whether you’re at your residence or out and about. As it geofences with your smartphone, you won’t have to put it on your list to adjust it when you go or return.

Pros and Cons of Using a Smart Thermostat

Pros

As we talked about before, smart thermostats offer lots of benefits to your residence and energy bill, including:

  • No need to set—Your smart thermostat will adjust to your activities, so you won’t be required to waste time adjusting programs or remember to change.
  • Knows when you get home and leave—Because lots of smart thermostats geofence with your phone, your house will go into an energy-efficient setting when you leave and be comfy when you get back.
  • Remote temperature supervision—You’ll be able to see your residence’s temperature from virtually anywhere, on account of an app on your phone.
  • Supervise heating and cooling use—Many smart thermostats offer valuable data through their app, including how long you used heating and cooling on a particular day.
  • Reminders—Some smart thermostats will alert you to important maintenance tasks, like when you need to replace your air filter.
  • Extra savings—Most local energy companies provide rebates for smart thermostats, so contact with yours for details.

Cons

Having said that, there’s a few points you should take into account when thinking about adding a smart thermostat in your house:

  • 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 check with an HVAC professional like Aggressive Mechanical. We also suggest having it professionally installed. This ensures that you have the right number of wires and that it’s linked accurately. Some systems don’t have a common wire, which creates compatibility troubles with a smart thermostat. This wire energizes your thermostat, so if your home doesn’t have a C-wire, we can install one.
  • Housing situation—If you own your home and want to be there for many years, it’s a good investment to install a smart thermostat. If you’re thinking about moving shortly or rent, we suggest delaying unless you want to take the thermostat with you. If you rent, you’ll often need to get your landlord’s permission first prior to adding 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 often at the house? If that’s the case, you might not see as many savings, but you’ll have the convenience of not needing to program or adjust a thermostat.

Rely on Aggressive Mechanical for Your Smart Thermostat Needs

At Aggressive Mechanical, our top purpose is to keep your residence pleasant while helping you spend less utility costs. If you’re thinking about installing a smart thermostat, our professionals can help, from choosing the ideal model to expert installation. Give us a call at 732-806-5536 today to learn more.