Man adjusting his smart thermostat

Do Smart Thermostats Really Save Money?

Keeping your Abilene home cozy can consume a lot of money. The usual family spends about $172 on monthly utility costs, according to ENERGY STAR®, or about $2,060 each year. At least half of that is for heating and cooling.

Many houses rely on programmable thermostats, but many people don’t bother to set them. The process is annoying, involved and only provides you limited options for desired temperatures. When your home is kept at the same temperature throughout the day, it wastes energy and badly influences your monthly expenses.

Smart thermostats learn from your routine and adjust the temperatures to match it. But can having one really help you spend less money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Reduce on Utility Expenses

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

These studies used home heating and cooling bills in 41 states before and after adding a Nest smart thermostat. Nest said the study showed its thermostats can save up to 12% on heating and 15% on cooling, producing an approximated savings of $131 to $145 each year.

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 since they’re ENERGY STAR® certified.

How Does a Smart Thermostat Work?

After your smart thermostat is installed, you’ll at first use it just like your previous thermostat. You’ll set it up and down, so the thermostat can learn about your needs. Then, it will get to work creating a program that helps you conserve more money, whether you’re at home or away. As it geofences with your smartphone, you won’t have to remember to adjust it when you go or return.

Pros and Cons of Using a Smart Thermostat

Pros

As we covered previously, smart thermostats offer a lot of benefits to your home and utility costs, including:

  • No need to program—Your smart thermostat will learn your schedule, so you won’t need to waste time setting programs or remember to turn it up or down.
  • Knows when you arrive and go—As lots of smart thermostats geofence with your phone, your house will be put into an energy-efficient setting when you leave and be comfy when you get back.
  • Remote temperature supervision—You’ll be able to watch your residence’s temp from virtually any location, thanks to an app on your phone.
  • Supervise heating and cooling use—Most smart thermostats provide great data through their app, like how long you used heating and cooling on a particular day.
  • Reminders—Some smart thermostats will alert you to critical maintenance tasks, such as when you’re due to replace your air filter.
  • Extra savings—Many local energy companies provide rebates for smart thermostats, so contact with yours for details.

Cons

Having said that, there’s a couple of points you should take into account when thinking about getting a smart thermostat in your residence:

  • Compatibility—Subject to the type and age of your heating and cooling system, a smart thermostat might not function with it. If you don’t know, it’s best to ask an HVAC pro like Abilene Air-Tech Inc. We also suggest having it professionally installed. This confirms that you have the right number of wires and that it’s linked correctly. Some systems don’t come with a common wire, which creates compatibility issues 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 residence and want to live there for years, it’s a smart investment to install a smart thermostat. If you’re planning to move shortly or rent, we advise delaying unless you will take the thermostat with you. If you rent, you’ll usually need to secure your landlord’s permission first prior to adding a new thermostat.
  • Cost—Smart thermostats are pricier 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 frequently at the house? If that’s the case, you might not see as big of savings, but you’ll enjoy the perks of not being required to program or adjust a thermostat.

Trust Abilene Air-Tech Inc for Your Smart Thermostat Needs

At Abilene Air-Tech Inc, our main purpose is to keep your house comfy while helping you conserve more energy bills. If you’re wanting to install a smart thermostat, our pros can help, from selecting the best model to expert installation. Contact us at 325-200-4667 today to learn more.

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