Man adjusting his smart thermostat

Do Smart Thermostats Really Save Money?

Keeping your Safford house comfy can eat up a good amount of money. The usual household spends about $172 on monthly energy costs, according to ENERGY STAR®, or approximately $2,060 yearly. At least half of that is for heating and cooling.

Most homes have programmable thermostats, but most people don’t take the trouble to program them. The process is time-consuming, detailed and only gives you limited options for desired temperatures. When your residence remains at the same temperature throughout the day, it requires utilities and badly impacts your monthly costs.

Smart thermostats adjust to your routine and change the temp to coordinate it. But can using one really help you spend less money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Save on Energy Bills

Independent studies have found these devices can lead to big savings.

These studies involved home energy costs in 41 states before and after installing a Nest smart thermostat. Nest said the study determined its thermostats can save up to 12% on heating and 15% on cooling, generating an average savings of $131 to $145 yearly.

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

How Does a Smart Thermostat Work?

After your smart thermostat is ready to go, you’ll at first set it just like any other thermostat. You’ll switch it up and down, so the thermostat can figure out your preferences. Then, it will start developing a program that helps you spend less money, whether you’re at your house or gone. Because it geofences with your smartphone, you won’t have to put it on your list to adjust it when you exit or get back.

Pros and Cons of Getting a Smart Thermostat

Pros

As we covered prior, smart thermostats offer lots of advantages to your house and energy costs, including:

  • No need to program—Your smart thermostat will pick up on your activities, so you don’t have to spend time adjusting programs or remember to adjust it.
  • Knows when you arrive and leave—Since many smart thermostats geofence with your phone, your home will be put into an energy-efficient setting when you leave and be cozy when you return.
  • Remote temperature management—You’ll be able to watch your residence’s temp from just about any location, on account of an app on your phone.
  • Watch heating and cooling use—Many smart thermostats give great data through their app, like how long you used heating and cooling on a specific day.
  • Reminders—Certain smart thermostats will alert you to essential maintenance tasks, like when it’s time to get a new air filter.
  • Extra savings—The majority of 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 regarding adding a smart thermostat in your home:

  • Compatibility—Depending on the type and age of your heating and cooling system, a smart thermostat might not work. If you don’t know, it’s recommended to contact an HVAC professional like B&D Air Conditioning. We also recommend having it professionally installed. This guarantees that you have the correct number of wires and that it’s connected right. Some systems don’t include a common wire, which results in compatibility problems 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 residence and are planning to be there for a long time, it’s a wise investment to get a smart thermostat. If you’re planning to move soon or rent, we advise waiting unless you want to take the thermostat with you. If you rent, you’ll usually need to get your landlord’s permission first in advance of putting in 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 regularly at the house? If that’s the case, you might not see as big of savings, but you’ll enjoy the convenience of not needing to program or adjust a thermostat.

Trust B&D Air Conditioning for Your Smart Thermostat Needs

At B&D Air Conditioning, our number one priority is to keep your house comfortable while helping you conserve more energy bills. If you’re wanting to install a smart thermostat, our specialists can help, from picking the right model to expert installation. Call us at 928-432-6018 today to learn more.

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