If you’re like me, you’re always searching for new ways to save money on your energy bills. And with heating and cooling accounting for 48% of your energy costs, installing a new thermostat seems like a smart place to start. You’ve heard a lot about how an energy saving thermostat can save you money, but how does it actually accomplish this? How much can you really expect to save? Let’s find out.
How Does an Energy Saving Thermostat Save You Money?
I’m going to try and explain how a Wi-Fi, or wireless, thermostat can save you money without getting too technical. What it ultimately comes down to is having better control over your energy usage.
A thermostat energy saver app will give you remote access to your thermostat. As long as your device is connected to the internet, you can control your home’s temperature from anywhere and at any time. What if you’re at the office and forgot to reset your thermostat to “away”? Just log into the app and switch to the “away” mode from your desk. Having remote access to your thermostat can really help cut back on the amount of energy you use.
Alerts can also be set up to notify you of extreme temperature changes in your home. These alerts allow you to act accordingly by either increasing or decreasing the temperature, so your house is comfortable when you get home.
These thermostats can also help you save money by letting you keep track of how much energy you use. Daily, weekly or monthly reports can give you an idea of when you use the most energy, so you can take steps to remedy the problem.
One big thermostat money saver is programmability. Some will let you create a daily schedule, so you can set the temperature to decrease after you’ve left for work in the morning, and increase just before you get home. Other thermostats offer different modes that correspond to your home’s activity. The “away” mode, for example, would lower/raise the temperature while you’re away from home to avoid wasting unnecessary energy.
Now that you have a better understanding of how these thermostats save you money, let’s talk about how much you can expect to save.
How Much Can You Save with a Wifi Thermostat?
How much you save will really depend on how complex your thermostat is, and how well you use it. Even basic programmable thermostats can save you money, but more advanced models will save you even more.
With a WiFi thermostat, you can expect to save between $180 and $400 per year, depending on the model you choose. That’s a savings of $15-$33 per month.
Of course, there’s no guarantee that you will save this much. You may save more, or you may save less. How you use the thermostat will really make a difference in how much you reduce your usage and costs.
Wi-Fi, or wireless, thermostats tend to offer bigger savings because they allow you to adjust your home’s temperature remotely. A standard programmable thermostat can also save you money, but you won’t have the same level of control. You’ll still need to adjust the temperature manually, which can be problematic if you’re away from home.
That being said, an energy saving thermostat will still help you cut back on your energy usage and costs each month whether you choose an advanced wireless model or a simple programmable one. Both will give you better control over how much energy you use and when, but the wireless option will give you even greater control and the ability to adjust your home’s temperature remotely.