How a Smart Thermostat Can Help You Pay Less for Energy

December 07, 2020

Keeping your Shelby house comfortable can consume a good amount of money. A typical household spends about $172 on monthly heating and cooling expenses, according to ENERGY STAR®, or approximately $2,060 each year. At least half of that is for heating and cooling.

The majority of houses use programmable thermostats, but most people don’t take the time to set them. The process is annoying, involved and only offers you a couple of options for desired temperatures. When your residence remains at the same temperature throughout the day, it requires gas and electricity and adversely affects your monthly costs.

Smart thermostats pick up on your routine and change the temp to match it. But can getting one really help you spend less money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Save on Heating and Cooling Bills

Independent studies show these devices can result in large savings.

These studies included 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 most local energy companies provide rebates for smart thermostats because they’re ENERGY STAR® certified.

How Does a Smart Thermostat Work?

After your smart thermostat is installed, you’ll at first set it just like your previous thermostat. You’ll set it up and down, so the thermostat can determine your desired settings. Then, it will begin making a program that helps you spend less money, whether you’re at your house or gone. Because it geofences with your smartphone, you won’t have to remember to adjust it when you exit or come back.

Pros and Cons of Using a Smart Thermostat

Pros

As we talked about prior, smart thermostats give many perks to your home and heating and cooling costs, such as:

  • No need to set—Your smart thermostat will pick up on your schedule, so you don’t have to spend time adjusting programs or remember to change.
  • Knows when you come and take off—Because lots of smart thermostats geofence with your phone, your residence will be put into an energy-efficient setting when you leave and be cozy when you return.
  • Remote temperature control—You’ll be able to watch your residence’s settings from just about anyplace, on account of an app on your phone.
  • Supervise heating and cooling use—The majority of smart thermostats offer valuable data through their app, including how long you needed heating and cooling on a specific day.
  • Reminders—Some smart thermostats will remind you of important maintenance tasks, such as when you need to change your air filter.
  • Added savings—Many local energy companies provide rebates for smart thermostats, so contact with yours for more info.

Cons

However, there’s several things you should contemplate when considering 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 contact an HVAC specialist like Hopper Heating and Air. We also recommend having it professionally installed. This confirms that you have the right number of wires and that it’s hooked up accurately. Some systems don’t come with a common wire, which causes compatibility issues with a smart thermostat. This wire runs your thermostat, so if your residence doesn’t have a C-wire, we can put one in.
  • Housing situation—If you own your home and plan to reside there for a long time, it’s a good investment to have a smart thermostat. If you’re thinking about moving in the next year 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 in advance of getting a new thermostat.
  • Cost—Smart thermostats are more expensive 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 so, you might not see as many savings, but you’ll have the perks of not being required to program or adjust a thermostat.

Trust Hopper Heating and Air for Your Smart Thermostat Needs

At Hopper Heating and Air, our main purpose is to keep your house comfortable while helping you save on energy bills. If you’re thinking about installing a smart thermostat, our professionals can help, from picking the right model to expert installation. Contact us at 704-233-7363 today to learn more.