An energy saving thermostat can save you money. And it will pay for itself within one to two years in most cases. These thermostats are not much different than a traditional thermostat in the sense that they’ll control your heating and cooling, but they’re far more advanced thanks to today’s technology.
If you go back to just the 1990s, you wouldn’t find the same quality found in an energy saving thermostat that you experience today.
Thermostats today are built from the ground up with energy savings in mind. Nest is a pure example of a true energy saving model. This thermostat allows you to:
- Set heating and cooling schedules
- “Teach” the thermostat your desired preferences
- Adjust your thermostat remotely via a smartphone or tablet
And these features are what lead to true energy savings there a mere design change. Yes, you can install a new energy-efficient HVAC system that will save you on energy costs, but your thermostat merely controls these units, so it has less of an effect on energy consumption unless it is designed like the Nest.
A good example of this is heating an empty home. Do you leave your temperature at its current setting even when leaving your home? If so, you’re wasting money. A digital thermostat, depending on the model, can adjust these settings to save you money rather than heating an empty house and eating your money in the progress. Many thermostats are also including sensor technology to heat the home when it senses you’re home, and changes the settings when you’re gone.
How Much Can You Save with an Energy Saving Thermostat?
The savings that you will experience will vary depending on the model that you choose. We’re going to take a look at three different models, and discuss how much you can expect to save on energy based on studies conducted by each company.
- Nest – The company states that you can reduce your heating bill by $10 per month, or approximately 10%. The return on the newest model would be approximately two years based off of these calculations, but this would vary depending on your current energy consumption.
- Emerson Sensi WiFi Thermostat – Emerson states that you can save up to 33% on your energy bills every year. While this number will exceptionally high, users have stated that they have saved 10% or more on their energy bills when switching to this thermostat.
- Ecobee 3 – The company states that you can save up to 20% on your energy bills using this sleek model.
And if you’re wondering about the cost, you could spend as little as $120 on a lower-end digital thermostat or as much is $240 for a higher-end model. Ultimately, both of these price ranges will be able to be paid back within one to two years, depending on your energy usage.
You’ll not only be helping lower your own energy costs when you have an energy-saving thermostat, but you’ll be putting less of a strain on the environment due to a reduction in carbon emissions. As a user, you’ll also be able to enjoy enhance scheduling and control over your thermostat, which is not offered with a traditional, non-digital thermostat.