Do Smart Thermostats Really Save Money on Energy?

December 07, 2020

Keeping your Muskogee house comfortable can eat up a lot of money. The average household spends about $172 on monthly heating and cooling expenses, according to ENERGY STAR®, or approximately $2,060 annually. At least half of that goes to heating and cooling.

Most homes have programmable thermostats, but many people don’t take the time to program them. The process is bothersome, complicated and only provides you a few options for temperature changes. When your home is kept at an unchanging temperature throughout the day, it requires energy and negatively affects your monthly bill.

Smart thermostats learn from your schedule and change the temperatures to match it. But can installing one really conserve money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Save on Utility Bills

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

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

With the average smart thermostat costing between $100–$250, those savings can help it pay for itself. And the majority of local energy companies offer rebates for smart thermostats since they’re ENERGY STAR® certified.

How Does a Smart Thermostat Work?

After your smart thermostat is put in, you’ll initially program it just like your old thermostat. You’ll turn it up and down, so the thermostat can determine your desired settings. Then, it will get to work making a program that helps you spend less money, whether you’re at your house or gone. As it geofences with your smartphone, you won’t have to put it on your list to adjust it when you go or return.

Pros and Cons of Getting a Smart Thermostat

Pros

As we talked about before, smart thermostats offer a lot of perks to your home and energy expenses, like:

  • No need to set—Your smart thermostat will learn your schedule, so you don’t have to spend time setting programs or remember to adjust it.
  • Knows when you get home and leave—As many smart thermostats geofence with your phone, your residence will go into an energy-efficient setting when you leave and be cozy when you return.
  • Remote temperature supervision—You’ll be able to watch your house’s temperature from nearly anywhere, due to an app on your phone.
  • Watch heating and cooling use—Many smart thermostats give detailed data through their app, such as how long you needed heating and cooling on a specific day.
  • Reminders—Select smart thermostats will let you know about critical maintenance tasks, such as when you’re due to put in a new air filter.
  • Added savings—The majority of local energy companies have rebates for smart thermostats, so contact with yours for more info.

Cons

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

  • 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 contact an HVAC pro like Hix Air Conditioning Service, Inc.. We also recommend having it professionally installed. This confirms that you have the proper number of wires and that it’s connected correctly. Some systems don’t include a common wire, which creates compatibility troubles 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 home and want to reside there for many years, it’s a smart investment to install a smart thermostat. If you’re thinking about moving soon or rent, we suggest holding back unless you will take the thermostat with you. If you rent, you’ll usually need to have your landlord’s permission first prior to installing a new thermostat.
  • Cost—Smart thermostats are more expensive 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 many savings, but you’ll have the perks of not needing to program or adjust a thermostat.

Rely on Hix Air Conditioning Service, Inc. for Your Smart Thermostat Needs

At Hix Air Conditioning Service, Inc., our number one priority is to keep your house pleasant while helping you conserve more energy expenses. If you’re considering installing a smart thermostat, our professionals can help, from selecting the best model to expert installation. Contact us at 918-682-8238 today to learn more.