Do Smart Thermostats Really Save Money on Utilities?

December 07, 2020

Keeping your Middle Georgia home comfortable can eat up a big chunk of change. The average household spends about $172 on monthly utility costs, according to ENERGY STAR®, or about $2,060 annually. At least half of that goes to heating and cooling.

Many houses rely on programmable thermostats, but many people don’t take the trouble to program them. The process is annoying, complicated and only provides you a few options for desired temperatures. When your home stays at an unchanging temp throughout the day, it requires utilities and negatively impacts your monthly costs.

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

Studies Show Smart Thermostats Reduce on Utility Bills

Independent studies have determined these devices can produce large savings.

These studies used home heating and cooling expenses in 41 states before and after installing a Nest smart thermostat. Nest said the study showed its thermostats can save up to 12% on heating and 15% on cooling, producing an average savings of $131 to $145 each year.

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

How Does a Smart Thermostat Work?

After your smart thermostat is put in, you’ll first set it just like your old thermostat. You’ll set it up and down, so the thermostat can figure out your needs. Then, it will start creating a program that helps you save money, whether you’re at your residence or out and about. Since 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 Using a Smart Thermostat

Pros

As we covered previously, smart thermostats provide a lot of advantages to your residence and energy bill, like:

  • No need to set—Your smart thermostat will adjust to your routine, so you don’t have to use up time setting programs or remember to turn it up or down.
  • Knows when you arrive and go—As lots of smart thermostats geofence with your phone, your house will move into an energy-efficient setting when you take off and be cozy when you return.
  • Remote temperature supervision—You’ll be able to keep an eye on your home’s settings from just about anywhere, thanks to an app on your phone.
  • Supervise heating and cooling use—Most smart thermostats provide great data through their app, such as how long you required heating and cooling on a certain day.
  • Reminders—Select smart thermostats will alert you to critical maintenance tasks, including when you need to replace your air filter.
  • Extra savings—Many local energy companies offer rebates for smart thermostats, so check with yours for details.

Cons

In spite of that, there’s several points you should take into account when thinking about adding a smart thermostat in your residence:

  • Compatibility—Based 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 ask an HVAC pro like Air Concepts of Middle Georgia. We also suggest having it professionally installed. This confirms that you have the proper number of wires and that it’s hooked up properly. Some systems don’t include a common wire, which leads to compatibility troubles with a smart thermostat. This wire runs your thermostat, so if your house doesn’t have a C-wire, we can add one.
  • Housing situation—If you own your residence and are planning to live there for many years, it’s a wise investment to install a smart thermostat. If you’re thinking about moving in the next year or rent, we advise waiting unless you want to take the thermostat with you. If you rent, you’ll often need to get your landlord’s permission first before getting 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 frequently at the house? If that’s the case, you might not see as large of savings, but you’ll enjoy the perks of not needing to program or adjust a thermostat.

Depend on Air Concepts of Middle Georgia for Your Smart Thermostat Needs

At Air Concepts of Middle Georgia, our main priority is to keep your home comfortable while helping you conserve more energy expenses. If you’re wanting to install a smart thermostat, our specialists can help, from picking the ideal model to expert installation. Contact us at 478-200-5689 today to learn more.