How a Smart Thermostat Can Help You Pay Less for Utilities

December 07, 2020

Keeping your Dayton home cozy can consume a good amount of money. The average household spends about $172 on monthly utility costs, according to ENERGY STAR®, or approximately $2,060 each year. At least half of that goes to heating and cooling.

Many homes use programmable thermostats, but many people don’t take the trouble to set them. The process is annoying, complicated and only offers you limited options for desired temperatures. When your residence remains at an identical temp throughout the day, it consumes utilities and negatively affects your monthly costs.

Smart thermostats learn from your schedule and modify the temperatures to match it. But can using one really save you money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Reduce on Utility Expenses

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

These studies used home utility 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, resulting in an approximated savings of $131 to $145 yearly.

With the common smart thermostat running between $100–$250, those savings can help it pay for itself. And many local energy companies offer 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 use it just like your previous thermostat. You’ll turn it up and down, so the thermostat can learn about your wants. Then, it will begin creating a program that helps you save money, whether you’re at home or out and about. Because it geofences with your smartphone, you won’t have to put it on your list to adjust it when you exit or come home.

Pros and Cons of Installing a Smart Thermostat

Pros

As we mentioned previously, smart thermostats give many pluses to your house and energy expenses, like:

  • No need to set—Your smart thermostat will pick up on your activities, so you don’t have to waste time adjusting programs or remember to adjust it.
  • Knows when you get home and take off—As many smart thermostats geofence with your phone, your house will go into an energy-efficient setting when you go and be comfy when you get back.
  • Remote temperature supervision—You’ll be able to watch your home’s temp from nearly anywhere, on account of an app on your phone.
  • Supervise heating and cooling use—Many smart thermostats provide in-depth data through their app, like how long you required heating and cooling on a certain day.
  • Reminders—Select smart thermostats will alert you to crucial maintenance tasks, including when you’re due to change your air filter.
  • Additional savings—Most local energy companies provide rebates for smart thermostats, so check with yours for more information.

Cons

However, there’s a couple of things you should take into account regarding installing a smart thermostat in your home:

  • Compatibility—Based on the type and age of your heating and cooling system, a smart thermostat might not work. If you’re unsure, it’s recommended to ask an HVAC pro like Jent Mechanical LLC. We also recommend having it professionally installed. This ensures that you have the right number of wires and that it’s connected properly. Some systems don’t come with a common wire, which creates compatibility problems with a smart thermostat. This wire energizes your thermostat, so if your residence doesn’t have a C-wire, we can install one.
  • Housing situation—If you own your home and want to reside there for many years, it’s a smart investment to install a smart thermostat. If you’re planning to move soon or rent, we advise waiting unless you will take the thermostat with you. If you rent, you’ll typically need to secure your landlord’s permission first in advance of 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 that’s your situation, you might not see as large of savings, but you’ll get the benefits of not having to program or adjust a thermostat.

Trust Jent Mechanical LLC for Your Smart Thermostat Needs

At Jent Mechanical LLC, our number one priority is to keep your house comfy while helping you spend less energy bills. If you’re wanting to install a smart thermostat, our specialists can help, from picking the right model to expert installation. Give us a call at 937-845-1111 today to learn more.