How a Smart Thermostat Can Help You Save More on Energy

December 07, 2020

Keeping your Cedar Rapids house cozy can consume a lot of money. The average household spends about $172 on monthly heating and cooling expenses, according to ENERGY STAR®, or around $2,060 annually. At least half of that is for heating and cooling.

The majority of houses use programmable thermostats, but the majority of people don’t bother to set them. The process is time-consuming, detailed and only provides you a couple of options for desired temperatures. When your house remains at an unchanging temperature throughout the day, it consumes energy and negatively impacts your monthly expenses.

Smart thermostats pick up on your schedule and modify the temperatures to accompany it. But can using one really conserve money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Decrease on Heating and Cooling Costs

Independent studies have determined these devices can result in major savings.

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

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

How Does a Smart Thermostat Work?

After your smart thermostat is installed, you’ll first program it just like your previous thermostat. You’ll set it up and down, so the thermostat can figure out your wants. Then, it will get to work making a program that helps you save money, whether you’re at your house or out and about. As it geofences with your smartphone, you won’t have to remember to adjust it when you go or come back.

Pros and Cons of Installing a Smart Thermostat

Pros

As we mentioned before, smart thermostats offer many advantages to your house and energy costs, like:

  • No need to adjust—Your smart thermostat will learn your activities, so you won’t be required to waste time setting programs or remember to adjust it.
  • Knows when you come and take off—Since lots of smart thermostats geofence with your phone, your house will go into an energy-efficient setting when you leave and be comfy when you arrive.
  • Remote temperature management—You’ll be able to see your home’s settings from nearly anywhere, thanks to an app on your phone.
  • Watch heating and cooling use—Most smart thermostats give great data through their app, such as how long you required heating and cooling on a particular day.
  • Reminders—Select smart thermostats will alert you to crucial maintenance tasks, such as when you need to change your air filter.
  • Extra savings—Many local energy companies provide rebates for smart thermostats, so contact with yours for details.

Cons

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

  • Compatibility—Based 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 Ilten's Incorporated. We also advise having it professionally installed. This ensures that you have the proper number of wires and that it’s linked right. Some systems don’t come with a common wire, which causes compatibility issues with a smart thermostat. This wire energizes your thermostat, so if your home doesn’t have a C-wire, we can add one.
  • Housing situation—If you own your house and want to live there for many years, it’s a wise investment to install a smart thermostat. If you plan to move shortly or rent, we suggest holding back unless you plan to take the thermostat with you. If you rent, you’ll often need to have your landlord’s permission first before getting a new thermostat.
  • Cost—Smart thermostats are pricier 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 regularly at the house? If so, you might not see as large of savings, but you’ll enjoy the benefits of not needing to program or adjust a thermostat.

Rely on Ilten's Incorporated for Your Smart Thermostat Needs

At Ilten's Incorporated, our number one priority is to keep your residence comfy while helping you save on energy expenses. If you’re thinking about installing a smart thermostat, our pros can help, from selecting the right model to expert installation. Call us at 319-208-3295 today to learn more.