Man adjusting his smart thermostat

Do Smart Thermostats Really Save Money?

Keeping your Wharton home comfy can consume a good amount of money. The average family spends about $172 on monthly heating and cooling costs, according to ENERGY STAR®, or about $2,060 yearly. At least half of that is for heating and cooling.

Many houses have programmable thermostats, but most people don’t bother to use them properly. The process is bothersome, complicated and only offers you limited options for temperature settings. When your house is kept at the same temp throughout the day, it requires gas and electricity and adversely influences your monthly bill.

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

Studies Show Smart Thermostats Save on Energy Costs

Independent studies have determined these devices can produce major savings.

These studies included home heating and cooling costs 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 typical smart thermostat priced between $100–$250, those savings can help it pay for itself. And many 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 put in, you’ll first set it just like your old thermostat. You’ll switch it up and down, so the thermostat can figure out your wants. Then, it will start creating a program that helps you save money, whether you’re at your residence or gone. As 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 mentioned prior, smart thermostats offer lots of advantages to your home and energy bill, like:

  • No need to set—Your smart thermostat will learn your activities, so you don’t have to use up time adjusting programs or remember to change.
  • Knows when you come and go—As a lot of smart thermostats geofence with your phone, your home will move into an energy-efficient setting when you leave and be cozy when you return.
  • Remote temperature supervision—You’ll be able to see your house’s temp from just about any location, on account of an app on your phone.
  • Monitor heating and cooling use—The majority of smart thermostats offer great data through their app, like how long you needed heating and cooling on a particular day.
  • Reminders—Select smart thermostats will let you know about critical maintenance tasks, including when you need to change your air filter.
  • Added savings—Many local energy companies have rebates for smart thermostats, so call with yours for details.

Cons

In spite of that, there’s a few things you should contemplate regarding getting a smart thermostat in your residence:

  • Compatibility—Subject to the type and age of your heating and cooling system, a smart thermostat might not function with it. If you’re not sure, it’s best to contact an HVAC specialist like Faust Air Conditioning and Heating. We also recommend having it professionally installed. This guarantees that you have the proper number of wires and that it’s hooked up accurately. Some systems don’t have a common wire, which causes compatibility issues with a smart thermostat. This wire runs your thermostat, so if your house doesn’t have a C-wire, we can install one.
  • Housing situation—If you own your residence and are planning to reside there for many years, it’s a good investment to have a smart thermostat. If you plan to move shortly or rent, we recommend delaying unless you plan to take the thermostat with you. If you rent, you’ll typically need to get your landlord’s permission first prior to 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 the years 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 perks of not having to program or adjust a thermostat.

Rely on Faust Air Conditioning and Heating for Your Smart Thermostat Needs

At Faust Air Conditioning and Heating, our top purpose is to keep your home comfortable while helping you save on utility bills. If you’re wanting to install a smart thermostat, our specialists can help, from picking the ideal model to expert installation. Give us a call at 979-323-6130 today to learn more.

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