How a Smart Thermostat Can Help You Save More on Utilities

December 07, 2020

Keeping your Holdrege house cozy can consume a good amount of money. The usual household spends about $172 on monthly heating and cooling expenses, according to ENERGY STAR®, or about $2,060 each year. At least half of that is consumed by heating and cooling.

Most houses rely on programmable thermostats, but most people don’t take the trouble to set them. The process is annoying, detailed and only gives you a couple of options for temperature settings. When your house is kept at the same temp throughout the day, it consumes utilities and adversely affects your monthly expenses.

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

Studies Show Smart Thermostats Save on Utility Bills

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

These studies involved 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 estimated savings of $131 to $145 yearly.

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

How Does a Smart Thermostat Work?

After your smart thermostat is installed, you’ll at first set it just like your old thermostat. You’ll set it up and down, so the thermostat can determine your wants. Then, it will begin creating a program that helps you spend less money, whether you’re at home or away. As it geofences with your smartphone, you won’t have to put it on your list to adjust it when you go or come home.

Pros and Cons of Getting a Smart Thermostat

Pros

As we talked about before, smart thermostats provide many pluses to your residence and utility expenses, such as:

  • No need to adjust—Your smart thermostat will pick up on your activities, so you won’t be required to spend time setting programs or remember to adjust it.
  • Knows when you get home and go—Since many smart thermostats geofence with your phone, your house will go into an energy-efficient setting when you take off and be cozy when you get back.
  • Remote temperature supervision—You’ll be able to see your home’s temperature from just about any location, due to an app on your phone.
  • Watch heating and cooling use—Many smart thermostats provide great data through their app, like how long you needed heating and cooling on a certain day.
  • Reminders—Some smart thermostats will remind you of crucial maintenance tasks, such as when you need to get a new air filter.
  • Extra savings—The majority of local energy companies have rebates for smart thermostats, so call with yours for more information.

Cons

However, there’s a couple of points you should take into account regarding getting a smart thermostat in your residence:

  • Compatibility—Depending on the type and age of your heating and cooling system, a smart thermostat might not work. If you’re not sure, it’s recommended to check with an HVAC professional like Durable Service . We also advise having it professionally installed. This confirms that you have the right number of wires and that it’s connected accurately. Some systems don’t come with a common wire, which causes compatibility troubles with a smart thermostat. This wire energizes 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 are planning to reside there for a long time, it’s a wise investment to get a smart thermostat. If you plan to move in the next year or rent, we suggest waiting unless you want to take the thermostat with you. If you rent, you’ll often need to secure your landlord’s permission first prior to getting a new thermostat.
  • Cost—Smart thermostats are more expensive than programmable thermostats, and we recommend having yours professionally installed. However, the energy savings over time 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 large of savings, but you’ll have the convenience of not needing to program or adjust a thermostat.

Rely on Durable Service for Your Smart Thermostat Needs

At Durable Service , our top priority is to keep your home cozy while helping you spend less utility bills. If you’re wanting to install a smart thermostat, our professionals can help, from choosing the right model to expert installation. Give us a call at 308-995-8177 today to learn more.