How Does a Smart Thermostat Save Money on Energy Bills?

December 07, 2020

Keeping your Bend home comfy can eat up a big chunk of change. A typical household spends about $172 on monthly energy costs, according to ENERGY STAR®, or approximately $2,060 yearly. At least half of that is consumed by heating and cooling.

Many residences have programmable thermostats, but most people don’t take the time to program them. The process is annoying, complicated and only provides you a couple of options for temperature settings. When your house remains at an unchanging temperature throughout the day, it requires energy and negatively affects your monthly costs.

Smart thermostats pick up on your day-to-day activities and adjust the temperatures 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 Heating and Cooling Bills

Independent studies have determined these devices can result in big savings.

These studies used home utility 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, producing 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 the majority of local energy companies have 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 any other thermostat. You’ll switch it up and down, so the thermostat can learn about your desired settings. Then, it will start developing a program that helps you spend less money, whether you’re at your residence or gone. As it geofences with your smartphone, you won’t have to think about adjusting it when you go or get back.

Pros and Cons of Installing a Smart Thermostat

Pros

As we mentioned previously, smart thermostats give a lot of pluses to your residence and heating and cooling expenses, such as:

  • No need to program—Your smart thermostat will learn your routine, so you won’t be required to use up time adjusting programs or remember to adjust it.
  • Knows when you get home and leave—As 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 return.
  • Remote temperature management—You’ll be able to watch your residence’s temp from nearly anyplace, on account of an app on your phone.
  • Supervise heating and cooling use—The majority of smart thermostats give valuable data through their app, like how long you used heating and cooling on a particular day.
  • Reminders—Select smart thermostats will alert you to essential maintenance tasks, such as when you need to change your air filter.
  • Extra savings—Many local energy companies offer rebates for smart thermostats, so call with yours for more info.

Cons

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

  • Compatibility—Subject to the type and age of your heating and cooling system, a smart thermostat might not be compatible. If you don’t know, it’s best to contact an HVAC specialist like Tri County Climate Control LLC. We also suggest having it professionally installed. This ensures that you have the right number of wires and that it’s connected accurately. Some systems don’t include a common wire, which creates compatibility problems with a smart thermostat. This wire energizes your thermostat, so if your home doesn’t have a C-wire, we can put one in.
  • Housing situation—If you own your house and are planning to live there for years, it’s a wise investment to get a smart thermostat. If you plan to move in the next year or rent, we advise waiting unless you want to take the thermostat with you. If you rent, you’ll often need to have your landlord’s permission first ahead of getting a new thermostat.
  • Cost—Smart thermostats cost more than programmable thermostats, and we recommend 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 have the benefits of not being required to program or adjust a thermostat.

Trust Tri County Climate Control LLC for Your Smart Thermostat Needs

At Tri County Climate Control LLC, our number one priority is to keep your house comfortable while helping you save on heating and cooling bills. If you’re considering installing a smart thermostat, our specialists can help, from choosing the ideal model to expert installation. Call us at 541-238-2797 today to learn more.