How a Smart Thermostat Can Help You Pay Less for Utilities

December 07, 2020

Keeping your St. Louis residence comfy can eat up a big chunk of change. The average family spends about $172 on monthly energy bills, according to ENERGY STAR®, or approximately $2,060 each year. At least half of that is for heating and cooling.

Most homes use programmable thermostats, but the majority of people don’t bother to set them. The process is time-consuming, involved and only provides you limited options for temperature settings. When your residence is kept at an unchanging setting throughout the day, it consumes energy and negatively affects your monthly bill.

Smart thermostats adjust to your schedule and modify the settings to coordinate it. But can getting one really save you money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Save on Heating and Cooling Expenses

Independent studies show these devices can produce large savings.

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

With the average smart thermostat costing between $100–$250, those savings can help it pay for itself. And most 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 ready to go, you’ll at first use it just like your previous thermostat. You’ll turn it up and down, so the thermostat can figure out your wants. Then, it will begin creating a program that helps you conserve more money, whether you’re at home or gone. 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 Getting a Smart Thermostat

Pros

As we talked about prior, smart thermostats give a lot of perks to your residence and utility bill, like:

  • No need to program—Your smart thermostat will pick up on your routine, so you won’t be required to spend time adjusting programs or remember to turn it up or down.
  • Knows when you come and leave—As a lot of smart thermostats geofence with your phone, your home will go into an energy-efficient setting when you leave and be cozy when you get back.
  • Remote temperature supervision—You’ll be able to keep an eye on your residence’s settings from just about anywhere, because of an app on your phone.
  • Watch heating and cooling use—Most smart thermostats provide in-depth data through their app, including how long you needed heating and cooling on a specific day.
  • Reminders—Certain smart thermostats will remind you of important maintenance tasks, like when you need to put in a new air filter.
  • Additional savings—Most local energy companies have rebates for smart thermostats, so call with yours for more info.

Cons

Having said that, there’s a couple of areas you should consider when thinking about installing a smart thermostat in your home:

  • Compatibility—Subject to the type and age of your heating and cooling system, a smart thermostat might not work. If you’re not sure, it’s recommended to check with an HVAC specialist like Morgner Inc. Air Conditioning & Heating. We also suggest having it professionally installed. This guarantees that you have the correct number of wires and that it’s linked correctly. Some systems don’t have a common wire, which results in compatibility issues with a smart thermostat. This wire powers your thermostat, so if your residence doesn’t have a C-wire, we can add one.
  • Housing situation—If you own your home and want to be there for many years, it’s a smart investment to get a smart thermostat. If you’re thinking about moving soon or rent, we suggest delaying unless you plan to take the thermostat with you. If you rent, you’ll often need to secure your landlord’s permission first prior to installing a new thermostat.
  • Cost—Smart thermostats are more expensive than programmable thermostats, and we suggest having yours professionally installed. However, the energy savings over time can help pay for itself.
  • Lifestyle—Does a family member work from home, or is someone frequently at the house? If that’s your situation, you might not see as many savings, but you’ll enjoy the convenience of not being required to program or adjust a thermostat.

Depend on Morgner Inc. Air Conditioning & Heating for Your Smart Thermostat Needs

At Morgner Inc. Air Conditioning & Heating, our main goal is to keep your house cozy while helping you spend less heating and cooling expenses. If you’re wanting to install a smart thermostat, our professionals can help, from selecting the ideal model to expert installation. Call us at 314-262-4541 today to learn more.