How a Smart Thermostat Can Help You Save More on Energy

December 07, 2020

Keeping your Racine home comfy can eat up a lot of money. A typical family spends about $172 on monthly energy expenses, according to ENERGY STAR®, or around $2,060 annually. At least half of that is for heating and cooling.

The majority of residences rely on programmable thermostats, but most people don’t take the time to set them. The process is bothersome, involved and only provides you a few options for desired temperatures. When your residence stays at the same setting throughout the day, it wastes gas and electricity and badly affects your monthly bill.

Smart thermostats learn from your day-to-day activities and adjust the temp to coordinate it. But can getting one really conserve money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Save on Energy Bills

Independent studies have determined these devices can produce big savings.

These studies used home energy 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, resulting in an estimated savings of $131 to $145 annually.

With the average smart thermostat priced between $100–$250, those savings can help it pay for itself. And most 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 at first use it just like any other thermostat. You’ll set it up and down, so the thermostat can learn about your preferences. Then, it will start creating a program that helps you spend less money, whether you’re at your residence or out and about. Because it geofences with your smartphone, you won’t have to put it on your list to adjust it when you exit or come back.

Pros and Cons of Using a Smart Thermostat

Pros

As we mentioned prior, smart thermostats give a lot of pluses to your residence and energy costs, like:

  • No need to adjust—Your smart thermostat will learn your schedule, so you won’t need to spend time adjusting programs or remember to change.
  • Knows when you arrive and take off—As many smart thermostats geofence with your phone, your home will move into an energy-efficient setting when you leave and be comfortable when you return.
  • Remote temperature control—You’ll be able to see your residence’s temperature from nearly any location, due to an app on your phone.
  • Watch heating and cooling use—Most smart thermostats offer detailed data through their app, such as how long you required heating and cooling on a particular day.
  • Reminders—Select smart thermostats will alert you to crucial maintenance tasks, including when you need to change your air filter.
  • Additional savings—Many local energy companies have rebates for smart thermostats, so contact with yours for more info.

Cons

In spite of that, there’s a few points you should take into account when thinking about installing a smart thermostat in your house:

  • Compatibility—Subject to the type and age of your heating and cooling system, a smart thermostat might not be compatible. If you’re not sure, it’s best to ask an HVAC specialist like Keystone Heating & Air Conditioning Co., Inc. We also recommend having it professionally installed. This ensures that you have the correct number of wires and that it’s hooked up properly. Some systems don’t have a common wire, which creates compatibility troubles 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 live there for years, it’s a smart investment to have a smart thermostat. If you’re planning to move shortly or rent, we recommend delaying unless you plan to take the thermostat with you. If you rent, you’ll often need to get your landlord’s permission first before installing a new thermostat.
  • Cost—Smart thermostats cost more 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 that’s your situation, you might not see as big of savings, but you’ll enjoy the convenience of not being required to program or adjust a thermostat.

Rely on Keystone Heating & Air Conditioning Co., Inc for Your Smart Thermostat Needs

At Keystone Heating & Air Conditioning Co., Inc, our number one goal is to keep your house comfy while helping you conserve more energy bills. If you’re wanting to install a smart thermostat, our specialists can help, from choosing the best model to expert installation. Call us at 262-358-9468 today to learn more.