Do Smart Thermostats Really Save Money on Utilities?

December 07, 2020

Keeping your Marshalltown home cozy can require a big chunk of change. The usual household spends about $172 on monthly heating and cooling costs, according to ENERGY STAR®, or approximately $2,060 yearly. At least half of that is consumed by heating and cooling.

Many houses use programmable thermostats, but many people don’t take the time to program them. The process is time-consuming, complicated and only gives you a few options for desired temperatures. When your residence stays at the same temp throughout the day, it consumes gas and electricity and negatively affects your monthly bill.

Smart thermostats learn from your routine and change the settings to match it. But can having one really save you money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Reduce on Utility Expenses

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

These studies included home utility 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 average savings of $131 to $145 each year.

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 since they’re ENERGY STAR® certified.

How Does a Smart Thermostat Work?

After your smart thermostat is ready to go, you’ll initially use it just like any other thermostat. You’ll switch it up and down, so the thermostat can learn about your desired settings. Then, it will start making a program that helps you spend less money, whether you’re at your residence or away. Since it geofences with your smartphone, you won’t have to think about adjusting it when you go or come back.

Pros and Cons of Installing a Smart Thermostat

Pros

As we covered prior, smart thermostats offer a lot of perks 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 setting programs or remember to turn it up or down.
  • Knows when you come and leave—Because a lot of smart thermostats geofence with your phone, your residence will move into an energy-efficient setting when you take off and be comfy when you get back.
  • Remote temperature supervision—You’ll be able to watch your house’s temp from nearly anyplace, on account of an app on your phone.
  • Monitor heating and cooling use—The majority of smart thermostats provide in-depth data through their app, like how long you required heating and cooling on a specific day.
  • Reminders—Certain smart thermostats will remind you of essential maintenance tasks, such as when you need to change your air filter.
  • Extra savings—The majority of local energy companies offer rebates for smart thermostats, so check with yours for more info.

Cons

In spite of that, there’s several areas you should contemplate when thinking about installing 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 best to contact an HVAC professional like Kapaun & Brown Inc.. We also recommend having it professionally installed. This confirms that you have the proper number of wires and that it’s connected accurately. Some systems don’t come with a common wire, which creates compatibility problems with a smart thermostat. This wire runs your thermostat, so if your house doesn’t have a C-wire, we can put one in.
  • Housing situation—If you own your house 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 suggest holding back unless you plan to take the thermostat with you. If you rent, you’ll typically need to get your landlord’s permission first ahead of installing a new thermostat.
  • Cost—Smart thermostats are more expensive than programmable thermostats, and we suggest 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 your situation, you might not see as many savings, but you’ll get the perks of not needing to program or adjust a thermostat.

Rely on Kapaun & Brown Inc. for Your Smart Thermostat Needs

At Kapaun & Brown Inc., our main purpose is to keep your home comfortable while helping you save on heating and cooling bills. If you’re considering installing a smart thermostat, our pros can help, from picking the best model to expert installation. Contact us at 641-812-2028 today to learn more.