Do Smart Thermostats Really Save Money on Utilities?

December 07, 2020

Keeping your Crestview residence cozy can eat up a good amount of money. The usual family spends about $172 on monthly energy expenses, according to ENERGY STAR®, or around $2,060 yearly. At least half of that is for heating and cooling.

The majority of homes rely on programmable thermostats, but many people don’t take the trouble to use them properly. The process is annoying, complicated and only provides you a few options for temperature changes. When your home remains at an identical setting throughout the day, it consumes utilities and badly affects your monthly costs.

Smart thermostats adjust to your day-to-day activities and adjust 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 Utility Bills

Independent studies show these devices can produce large savings.

These studies included home energy costs in 41 states before and after putting in a Nest smart thermostat. Nest said the study determined its thermostats can save up to 12% on heating and 15% on cooling, resulting in 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 ready to go, you’ll initially set it just like your old thermostat. You’ll turn it up and down, so the thermostat can determine your needs. Then, it will begin making a program that helps you spend less money, whether you’re at your residence or away. Since it geofences with your smartphone, you won’t have to remember to adjust it when you leave or come home.

Pros and Cons of Having a Smart Thermostat

Pros

As we talked about previously, smart thermostats provide a lot of advantages to your house and heating and cooling bill, like:

  • No need to program—Your smart thermostat will pick up on your routine, so you won’t need to use up time adjusting programs or remember to adjust it.
  • Knows when you arrive and take off—As a lot of smart thermostats geofence with your phone, your house will be put 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 settings from just about any location, on account of an app on your phone.
  • Watch heating and cooling use—The majority of smart thermostats provide in-depth data through their app, like how long you used heating and cooling on a particular day.
  • Reminders—Some smart thermostats will remind you of important maintenance tasks, including when you need to put in a new air filter.
  • Extra savings—Many local energy companies offer rebates for smart thermostats, so contact with yours for more info.

Cons

However, there’s several things you should consider when thinking about 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 work. If you don’t know, it’s best to contact an HVAC pro like Gordon Air Conditioning. We also suggest having it professionally installed. This confirms that you have the correct number of wires and that it’s hooked up right. Some systems don’t come with a common wire, which creates compatibility troubles with a smart thermostat. This wire runs your thermostat, so if your house doesn’t have a C-wire, we can install 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 shortly or rent, we advise holding back 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 putting in a new thermostat.
  • Cost—Smart thermostats are more expensive than programmable thermostats, and we advise 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 Gordon Air Conditioning for Your Smart Thermostat Needs

At Gordon Air Conditioning, our number one priority is to keep your home pleasant while helping you conserve more energy expenses. If you’re considering installing a smart thermostat, our pros can help, from picking the right model to expert installation. Give us a call at 850-250-0335 today to learn more.