How a Smart Thermostat Can Help You Pay Less for Energy

December 07, 2020

Keeping your Moline house comfy can eat up a lot of money. The usual homeowner spends about $172 on monthly utility bills, according to ENERGY STAR®, or about $2,060 each year. At least half of that is for heating and cooling.

Many homes rely on programmable thermostats, but the majority of people don’t take the trouble to use them properly. The process is bothersome, detailed and only provides you a few options for desired temperatures. When your home is kept at an unchanging temperature throughout the day, it consumes utilities and adversely influences your monthly bill.

Smart thermostats learn from your schedule and regulate the settings to accompany it. But can having one really help you spend less money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Save on Energy Costs

Independent studies show these devices can lead to big savings.

These studies included home utility expenses in 41 states before and after putting in a Nest smart thermostat. Nest said the study found its thermostats can save up to 12% on heating and 15% on cooling, generating an approximated savings of $131 to $145 each year.

With the common smart thermostat costing between $100–$250, those savings can help it pay for itself. And most local energy companies offer 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 set it up and down, so the thermostat can learn about your needs. Then, it will start creating a program that helps you spend less money, whether you’re at your house or out and about. As it geofences with your smartphone, you won’t have to put it on your list to adjust it when you leave or come home.

Pros and Cons of Using a Smart Thermostat

Pros

As we mentioned before, smart thermostats offer lots of pluses to your home and heating and cooling expenses, like:

  • No need to program—Your smart thermostat will pick up on your activities, so you don’t have to spend time setting programs or remember to change.
  • Knows when you come and take off—Because many smart thermostats geofence with your phone, your home will go into an energy-efficient setting when you leave and be comfy when you return.
  • Remote temperature management—You’ll be able to watch your residence’s settings from nearly anyplace, because of an app on your phone.
  • Watch heating and cooling use—Most smart thermostats offer great data through their app, including how long you needed heating and cooling on a particular day.
  • Reminders—Certain smart thermostats will remind you of crucial maintenance tasks, like when it’s time to put in a new air filter.
  • Additional savings—Most local energy companies provide rebates for smart thermostats, so contact with yours for details.

Cons

Having said that, there’s a few points you should take into account regarding installing a smart thermostat in your residence:

  • Compatibility—Based on the type and age of your heating and cooling system, a smart thermostat might not function with it. If you’re unsure, it’s recommended to check with an HVAC professional like Freed Heating & 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 properly. Some systems don’t come with a common wire, which results in compatibility problems with a smart thermostat. This wire energizes your thermostat, so if your home doesn’t have a C-wire, we can put one in.
  • Housing situation—If you own your residence and want to be there for many years, it’s a good investment to have a smart thermostat. If you’re thinking about moving shortly or rent, we suggest delaying unless you plan to take the thermostat with you. If you rent, you’ll often need to secure your landlord’s permission first in advance of installing a new thermostat.
  • Cost—Smart thermostats cost more than programmable thermostats, and we recommend 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 regularly at the house? If so, you might not see as big of savings, but you’ll get the convenience of not having to program or adjust a thermostat.

Rely on Freed Heating & Air Conditioning for Your Smart Thermostat Needs

At Freed Heating & Air Conditioning, our main priority is to keep your home pleasant while helping you save on heating and cooling costs. If you’re wanting to install a smart thermostat, our specialists can help, from picking the ideal model to expert installation. Give us a call at 309-323-9584 today to learn more.