Will a Smart Thermostat Save Me Money on Utility Bills?

December 07, 2020

Keeping your Bossier City house cozy can consume a big chunk of change. The average household spends about $172 on monthly heating and cooling bills, according to ENERGY STAR®, or approximately $2,060 each year. At least half of that goes to heating and cooling.

The majority of residences rely on programmable thermostats, but most people don’t take the trouble to set them. The process is annoying, involved and only provides you limited options for temperature changes. When your house is kept at the same temp throughout the day, it wastes utilities and adversely impacts your monthly bill.

Smart thermostats adjust to your schedule and modify the settings to coordinate it. But can installing one really conserve money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Reduce on Energy Expenses

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

These studies involved home heating and cooling 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 annually.

With the average smart thermostat priced 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 installed, you’ll at first use it just like your previous thermostat. You’ll turn it up and down, so the thermostat can figure out your preferences. Then, it will get to work creating a program that helps you conserve more money, whether you’re at home or away. Because it geofences with your smartphone, you won’t have to think about adjusting it when you go or come home.

Pros and Cons of Using a Smart Thermostat

Pros

As we covered prior, smart thermostats provide lots of pluses to your home and energy costs, like:

  • No need to program—Your smart thermostat will pick up on your schedule, so you won’t be required to waste time using programs or remember to adjust it.
  • Knows when you get home and take off—Since many smart thermostats geofence with your phone, your house will be put into an energy-efficient setting when you go and be comfy when you return.
  • Remote temperature control—You’ll be able to watch your home’s settings from just about anywhere, on account of an app on your phone.
  • Monitor heating and cooling use—Many smart thermostats provide valuable data through their app, including how long you required heating and cooling on a specific day.
  • Reminders—Certain smart thermostats will let you know about important maintenance tasks, such as when you’re due to put in a new air filter.
  • Additional savings—The majority of local energy companies have rebates for smart thermostats, so contact with yours for details.

Cons

However, there’s a couple of points you should contemplate when considering 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 work. If you’re not sure, it’s advisable to check with an HVAC pro like Brooks Heating and Air Conditioning. We also recommend having it professionally installed. This confirms that you have the right number of wires and that it’s linked correctly. Some systems don’t have a common wire, which leads to compatibility problems with a smart thermostat. This wire energizes your thermostat, so if your house doesn’t have a C-wire, we can put one in.
  • Housing situation—If you own your home and want to live there for many years, it’s a smart investment to get a smart thermostat. If you’re planning to move shortly or rent, we advise waiting unless you plan to take the thermostat with you. If you rent, you’ll usually need to get your landlord’s permission first in advance 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 its lifetime can help pay for itself.
  • Lifestyle—Does a family member work from home, or is someone often at the house? If that’s your situation, you might not see as large of savings, but you’ll enjoy the perks of not having to program or adjust a thermostat.

Depend on Brooks Heating and Air Conditioning for Your Smart Thermostat Needs

At Brooks Heating and Air Conditioning, our main priority is to keep your home cozy while helping you spend less utility expenses. If you’re wanting to install a smart thermostat, our specialists can help, from choosing the right model to expert installation. Call us at 800-COOLING today to learn more.