One of the major components that influence your home’s level of comfort is the temperature. You want to be cool in hot weather and warm in cold weather. Living in Southern California, up until the last few years, we had pretty mind weather and didnt have to worry about temperature too often. Thanks to El Nino, we are feeling more extreme temps. Thankfully, technology has given us the thermostat which has made such a premise easily feasible, although, of course, at a cost.
How much will I really save by using a smart thermostat?
Thermostat models have gotten better and more sophisticated through the years until they’ve reached a level of intelligence that produced the smart thermostat. For many people, the main attraction of a smart thermostat is in the potential savings it allows, although the convenience and other benefits it offers certainly help as well.
Is it really worth it to replace your current thermostat with a new, albeit smarter, one? There are those who speculate over its cost-effectiveness, but studies and surveys give the following estimate regarding savings: 10-12 percent on heating and 15 percent on cooling, which amounts to about $131-145 saved a year. That’s not bad. A smart thermostat costs about $250, so it will pretty much pay for itself in two years’ time.
In saving money with a smart thermostat, you need to figure out which factors affect how much money you save. The following are the ones deemed to have the most influence on your savings:
Energy usage – Are you the type to keep the heat on constantly all through winter or do you lower it in the evenings or when you leave the house? If you want to save money, it’s recommended that you use setbacks. With a smart thermostat, you can automate them so that your house doesn’t run heat when it’s not necessary. This will surely make a difference in your energy bill.
Utilities cost – It differs from region to region, of course, but it definitely gets more expensive each year. This is not something that you can control, but you can ask your utility company if it offers rebates on smart thermostats.
Unpredictable seasons – Winters and summers vary from year to year. Obviously, you’ll consume less energy during mild winters and summers, and more during harsh ones. The smart thermostat will allow you to more easily adapt your heating and cooling, even if you’re away.
General climate – Those who live in temperate climates will have better savings than those who live in areas that experience extreme temperatures. If you live in an area that requires you to heat your home in October until May or use your AC from May through September, then it will take longer to break even on the cost of a new thermostat. Although in So. Cal we saw record breaking heat and humidity this summer, so it’s hard to predict climate these days.
Home efforts – Are you well and properly insulated? Do keep your HVAC system well-maintained? Your choices in these areas will also affect your efforts in saving money with a smart thermostat.
Ultimately, you will definitely get to save money with a smart thermostat. The question is more about when you’ll break even on its cost so that the savings it allows will finally count. By considering the above factors, you’ll get a good idea on how long that will take in your case. GivePacific Aire a call to determine the best smart thermostat for you.