Will a Smart Thermostat Save Me Money on Energy Costs?

December 07, 2020

Keeping your Shreveport house comfy can require a good amount of money. A typical homeowner spends about $172 on monthly utility expenses, according to ENERGY STAR®, or approximately $2,060 yearly. At least half of that goes to heating and cooling.

Many homes rely on programmable thermostats, but most people don’t take the trouble to set them. The process is bothersome, detailed and only gives you a couple of options for temperature settings. When your residence is kept at the same temperature throughout the day, it wastes energy and adversely influences your monthly expenses.

Smart thermostats pick up on your day-to-day activities and change the temperatures to match it. But can having one really help you spend less money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Save on Utility Expenses

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

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

With the common smart thermostat running between $100–$250, those savings can help it pay for itself. And most 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 put in, you’ll first set it just like any other thermostat. You’ll turn it up and down, so the thermostat can determine your wants. Then, it will start developing a program that helps you spend less money, whether you’re at home or gone. Because it geofences with your smartphone, you won’t have to remember to adjust it when you go or get back.

Pros and Cons of Installing a Smart Thermostat

Pros

As we covered prior, smart thermostats provide lots of advantages to your residence and utility bill, including:

  • No need to set—Your smart thermostat will learn your routine, so you don’t have to use up time using programs or remember to turn it up or down.
  • Knows when you arrive and leave—Because many smart thermostats geofence with your phone, your house will be put into an energy-efficient setting when you take off and be comfortable when you get back.
  • Remote temperature control—You’ll be able to watch your house’s temperature from just about any location, because of an app on your phone.
  • Watch heating and cooling use—The majority of smart thermostats provide in-depth data through their app, including how long you required heating and cooling on a certain day.
  • Reminders—Select smart thermostats will alert you to critical maintenance tasks, such as when you’re due to put in a new air filter.
  • Added savings—Most local energy companies offer rebates for smart thermostats, so contact with yours for more information.

Cons

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

  • Compatibility—Depending on the type and age of your heating and cooling system, a smart thermostat might not be compatible. If you’re not sure, it’s recommended to contact an HVAC specialist like Moon's Air. We also recommend having it professionally installed. This guarantees that you have the proper number of wires and that it’s hooked up correctly. Some systems don’t come with 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 install one.
  • Housing situation—If you own your home and plan to live there for years, it’s a smart investment to have a smart thermostat. If you plan to move in the next year or rent, we advise holding back unless you plan to take the thermostat with you. If you rent, you’ll usually need to get your landlord’s permission first ahead of adding a new thermostat.
  • Cost—Smart thermostats are more expensive than programmable thermostats, and we suggest 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 regularly at the house? If so, you might not see as big of savings, but you’ll get the benefits of not needing to program or adjust a thermostat.

Depend on Moon's Air for Your Smart Thermostat Needs

At Moon's Air, our number one priority is to keep your residence pleasant while helping you spend less utility expenses. If you’re considering installing a smart thermostat, our specialists can help, from choosing the right model to expert installation. Give us a call at 318-215-7938 today to learn more.