Will a Smart Thermostat Save Me Money on Utility Expenses?

December 07, 2020

Keeping your Huntsville home comfy can require a lot of money. A typical household spends about $172 on monthly heating and cooling costs, according to ENERGY STAR®, or about $2,060 annually. At least half of that is consumed by heating and cooling.

Many houses rely on programmable thermostats, but the majority of people don’t bother to program them. The process is bothersome, involved and only offers you limited options for temperature settings. When your home stays at the same setting throughout the day, it requires energy and badly impacts your monthly expenses.

Smart thermostats pick up on your schedule and adjust 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 Reduce on Energy Costs

Independent studies have determined these devices can produce big savings.

These studies used home utility expenses 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 average smart thermostat running between $100–$250, those savings can help it pay for itself. And the majority of 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 ready to go, you’ll at first use it just like your old thermostat. You’ll switch it up and down, so the thermostat can determine your preferences. Then, it will get to work developing a program that helps you conserve more money, whether you’re at home or away. Since it geofences with your smartphone, you won’t have to remember to adjust it when you exit or get back.

Pros and Cons of Getting a Smart Thermostat

Pros

As we mentioned prior, smart thermostats provide lots of advantages to your residence and energy expenses, such as:

  • No need to program—Your smart thermostat will adjust to your routine, so you won’t need to spend time using programs or remember to turn it up or down.
  • Knows when you come and take off—Since lots of smart thermostats geofence with your phone, your residence will move into an energy-efficient setting when you go and be comfy when you arrive.
  • Remote temperature management—You’ll be able to watch your house’s temp from virtually any location, due to an app on your phone.
  • Monitor heating and cooling use—Most smart thermostats provide in-depth data through their app, such as how long you used heating and cooling on a certain day.
  • Reminders—Certain smart thermostats will alert you to crucial maintenance tasks, like when it’s time to put in a new air filter.
  • Additional savings—Many local energy companies offer rebates for smart thermostats, so check with yours for details.

Cons

In spite of that, there’s a few things you should consider when thinking about adding a smart thermostat in your home:

  • Compatibility—Subject to 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 recommended to contact an HVAC professional like All Weather Heating & Air Conditioning Inc. We also advise having it professionally installed. This confirms that you have the correct number of wires and that it’s linked properly. Some systems don’t include a common wire, which results in compatibility issues with a smart thermostat. This wire powers your thermostat, so if your home doesn’t have a C-wire, we can install one.
  • Housing situation—If you own your house and are planning to be there for many years, it’s a good investment to get a smart thermostat. If you plan to move soon or rent, we suggest delaying unless you will take the thermostat with you. If you rent, you’ll usually need to secure your landlord’s permission first ahead of installing a new thermostat.
  • Cost—Smart thermostats cost more than programmable thermostats, and we suggest 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 that’s the case, you might not see as many savings, but you’ll have the perks of not needing to program or adjust a thermostat.

Trust All Weather Heating & Air Conditioning Inc for Your Smart Thermostat Needs

At All Weather Heating & Air Conditioning Inc, our top goal is to keep your residence comfy while helping you conserve more utility expenses. If you’re thinking about installing a smart thermostat, our specialists can help, from choosing the best model to expert installation. Call us at 256-801-4701 today to learn more.