Do Smart Thermostats Really Save Money on Heating and Cooling?

December 07, 2020

Keeping your Bossier City home comfortable can consume a big chunk of change. The average household spends about $172 on monthly heating and cooling costs, according to ENERGY STAR®, or approximately $2,060 each year. At least half of that is consumed by heating and cooling.

The majority of homes have programmable thermostats, but many people don’t take the time to set them. The process is annoying, detailed and only gives you a few options for temperature settings. When your residence remains at the same setting throughout the day, it consumes utilities and adversely affects your monthly costs.

Smart thermostats learn from your schedule and adjust the temp to coordinate it. But can installing one really help you spend less money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Save on Energy Expenses

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

These studies used home utility costs in 41 states before and after installing a Nest smart thermostat. Nest said the study determined 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 many local energy companies have rebates for smart thermostats since they’re ENERGY STAR® certified.

How Does a Smart Thermostat Work?

After your smart thermostat is ready to go, you’ll at first set it just like your previous thermostat. You’ll turn it up and down, so the thermostat can learn about your desired settings. Then, it will begin making a program that helps you spend less money, whether you’re at home or out and about. As it geofences with your smartphone, you won’t have to think about adjusting it when you go or come home.

Pros and Cons of Getting a Smart Thermostat

Pros

As we mentioned before, smart thermostats give a lot of advantages to your home and energy expenses, like:

  • No need to set—Your smart thermostat will adjust to your activities, so you don’t have to waste time setting programs or remember to turn it up or down.
  • Knows when you arrive and leave—Since a lot of smart thermostats geofence with your phone, your house will be put into an energy-efficient setting when you take off and be comfy when you arrive.
  • Remote temperature control—You’ll be able to keep an eye on your residence’s temp from nearly anyplace, on account of an app on your phone.
  • Monitor heating and cooling use—Most smart thermostats provide valuable data through their app, including how long you required heating and cooling on a specific day.
  • Reminders—Certain smart thermostats will let you know about essential maintenance tasks, including when you’re due to replace your air filter.
  • Added savings—Many local energy companies offer rebates for smart thermostats, so check with yours for more information.

Cons

However, there’s several points you should take into account when thinking about adding a smart thermostat in your residence:

  • Compatibility—Subject to the type and age of your heating and cooling system, a smart thermostat might not work. If you’re unsure, it’s recommended to check with an HVAC specialist like Central Aire Heating & A/C Inc. We also recommend having it professionally installed. This guarantees that you have the proper number of wires and that it’s linked right. Some systems don’t include a common wire, which causes compatibility issues 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 plan to be there for years, it’s a good investment to have a smart thermostat. If you’re planning to move soon or rent, we advise delaying unless you will take the thermostat with you. If you rent, you’ll typically need to get your landlord’s permission first ahead of adding a new thermostat.
  • Cost—Smart thermostats cost more 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 often at the house? If that’s your situation, you might not see as big of savings, but you’ll have the convenience of not being required to program or adjust a thermostat.

Rely on Central Aire Heating & A/C Inc for Your Smart Thermostat Needs

At Central Aire Heating & A/C Inc, our main purpose is to keep your residence cozy while helping you save on utility bills. If you’re wanting to install a smart thermostat, our specialists can help, from selecting the best model to expert installation. Call us at 318-855-2326 today to learn more.