How a Smart Thermostat Can Help You Pay Less for Energy

December 07, 2020

Keeping your Wyandotte residence comfortable can eat up a big chunk of change. The average household spends about $172 on monthly utility bills, according to ENERGY STAR®, or around $2,060 each year. At least half of that is consumed by heating and cooling.

Many houses use programmable thermostats, but the majority of people don’t bother to program them. The process is annoying, detailed and only offers you limited options for temperature settings. When your residence remains at an identical temp throughout the day, it consumes gas and electricity and badly influences your monthly bill.

Smart thermostats learn from your schedule and modify the temperatures to accompany it. But can using one really save you money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Reduce on Utility Bills

Independent studies have found these devices can result in large savings.

These studies included home utility 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, generating an average savings of $131 to $145 annually.

With the average 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 installed, you’ll first set it just like any other thermostat. You’ll switch it up and down, so the thermostat can determine your desired settings. Then, it will begin creating a program that helps you spend less money, whether you’re at your house or out and about. Since it geofences with your smartphone, you won’t have to remember to adjust it when you exit or come back.

Pros and Cons of Having a Smart Thermostat

Pros

As we talked about before, smart thermostats provide lots of perks to your home and heating and cooling bill, including:

  • No need to adjust—Your smart thermostat will adjust to your schedule, so you don’t have to spend time adjusting programs or remember to turn it up or down.
  • Knows when you get home and take off—As lots of smart thermostats geofence with your phone, your residence will be put into an energy-efficient setting when you leave and be comfy when you get back.
  • Remote temperature control—You’ll be able to keep an eye on your house’s temp from virtually anyplace, due to an app on your phone.
  • Watch heating and cooling use—The majority of smart thermostats provide great data through their app, including how long you needed heating and cooling on a specific day.
  • Reminders—Select smart thermostats will remind you of important maintenance tasks, such as when you need to change your air filter.
  • Additional savings—The majority of local energy companies provide rebates for smart thermostats, so contact with yours for more information.

Cons

In spite of that, there’s a couple of points you should consider when thinking about getting a smart thermostat in your house:

  • Compatibility—Based on the type and age of your heating and cooling system, a smart thermostat might not function with it. If you’re not sure, it’s advisable to check with an HVAC pro like Gee & Missler Heating & Air Conditioning. We also recommend having it professionally installed. This ensures that you have the right number of wires and that it’s connected accurately. Some systems don’t have a common wire, which creates compatibility problems with a smart thermostat. This wire runs your thermostat, so if your home doesn’t have a C-wire, we can add one.
  • Housing situation—If you own your house and are planning to live there for a long time, it’s a wise investment to install a smart thermostat. If you plan to move 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 before 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 its lifetime 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 enjoy the perks of not being required to program or adjust a thermostat.

Depend on Gee & Missler Heating & Air Conditioning for Your Smart Thermostat Needs

At Gee & Missler Heating & Air Conditioning, our main purpose is to keep your home comfy while helping you conserve more energy expenses. If you’re thinking about installing a smart thermostat, our specialists can help, from picking the right model to expert installation. Give us a call at 734-363-8907 today to learn more.