Programmable thermostats have the potential to save homeowners a significant amount of money on their energy bills. As with any efficiency improvement, savings will depend on choosing the proper equipment and operating it correctly to maximize efficiency.
Speaking of savings — exactly what kind of savings are possible? Again, that’s a tough question to answer because there are so many variables involved. The answer depends on your heating fuel type, the insulation in your building, your specific geographic location, and more. Wing (2012) reports, “As rules of thumb, lowering a thermostat permanently reduces heating bills by about 3% per degree Fahrenheit while lowering it overnight only saves about 1% per degree Fahrenheit.”
One manufacturer reports that homeowners may save an average of 20% on their heating and cooling costs over time, depending on the type of programmable thermostat that’s selected and which heating and cooling equipment is used with it.
Smart thermostats save you money by cooling and heating your home only as needed, cutting back on wasted energy. Additional features, like service reminders and diagnostic tools, help you save more in the long run by keeping your HVAC system in good shape.
The average programmable thermostat costs about $100 to $200. The money you save in the first year of using a smart or programmable thermostat will likely cover most of this initial cost.
Reach out to the Airtegrity team today for all your comfort needs!