How a Smart Thermostat Can Help You Save More on Utilities

December 07, 2020

Keeping your Hudsonville residence comfortable can eat up a lot of money. A typical household spends about $172 on monthly energy bills, according to ENERGY STAR®, or around $2,060 each year. At least half of that is for heating and cooling.

Most residences rely on programmable thermostats, but many people don’t take the time to set them. The process is bothersome, complicated and only gives you a couple of options for desired temperatures. When your residence remains at an unchanging setting throughout the day, it requires utilities and badly affects your monthly costs.

Smart thermostats learn from your schedule and regulate the settings to accompany it. But can installing one really help you spend less money on heating and cooling? Yes, and here’s why.

Studies Show Smart Thermostats Reduce on Utility Bills

Independent studies have determined these devices can lead to large savings.

These studies included home utility costs 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 approximated savings of $131 to $145 annually.

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

How Does a Smart Thermostat Work?

After your smart thermostat is put in, you’ll at first set it just like your old thermostat. You’ll turn it up and down, so the thermostat can determine your desired settings. Then, it will get to work creating a program that helps you save money, whether you’re at your residence or away. Because it geofences with your smartphone, you won’t have to put it on your list to adjust it when you go or come back.

Pros and Cons of Getting a Smart Thermostat

Pros

As we talked about prior, smart thermostats provide lots of perks to your house and heating and cooling costs, including:

  • No need to set—Your smart thermostat will learn your schedule, so you won’t be required to spend time adjusting programs or remember to change.
  • Knows when you arrive and take off—As a lot of smart thermostats geofence with your phone, your residence will move into an energy-efficient setting when you take off and be comfortable when you return.
  • Remote temperature control—You’ll be able to watch your house’s settings from virtually anywhere, because of an app on your phone.
  • Watch heating and cooling use—Many smart thermostats provide detailed data through their app, such as how long you needed heating and cooling on a particular day.
  • Reminders—Some smart thermostats will alert you to essential maintenance tasks, including when you’re due to replace your air filter.
  • Added savings—The majority of local energy companies have rebates for smart thermostats, so check with yours for more information.

Cons

In spite of that, there’s a few points you should take into account regarding adding a smart thermostat in your residence:

  • 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 best to contact an HVAC specialist like West Michigan Heating & Air Conditioning Services. We also advise having it professionally installed. This confirms 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 powers your thermostat, so if your home doesn’t have a C-wire, we can add one.
  • Housing situation—If you own your residence and plan to live there for years, it’s a good investment to get a smart thermostat. If you’re planning to move in the next year or rent, we recommend holding back unless you plan to take the thermostat with you. If you rent, you’ll typically need to have your landlord’s permission first prior to putting in a new thermostat.
  • Cost—Smart thermostats cost more 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 your situation, you might not see as large of savings, but you’ll have the perks of not being required to program or adjust a thermostat.

Rely on West Michigan Heating & Air Conditioning Services for Your Smart Thermostat Needs

At West Michigan Heating & Air Conditioning Services, our number one priority is to keep your home cozy while helping you conserve more utility costs. If you’re considering installing a smart thermostat, our professionals can help, from picking the right model to expert installation. Contact us at (616) 669-3961 today to learn more.