How does a programmable thermostat help save you money?
Last week we touched on the definition of a programmable thermostat and we briefly discussed how a programmable thermostat can help you save money. BUT, just how do those savings translate? Let us show you.
Let’s take the average home in the Midwest.
Say the average cost to run your air conditioner each month is $120*. Per year, that meals you’ll spend approximately $1,440 cooling your home. Shocking figure, right? Well, the Department of Energy says that by using a programmable thermostat, you can save approximately 5-15% on cooling costs each year.
This would translate to $72 (on the low side) and $216 (on the high side).
But that’s not the only place you’ll see savings. Now, you have to figure out the average cost to heat a home per year. Say the average cost to heat your home is $75* a month. This translates to $900 in heating costs per year.
So, on the heating side, this means you could save anywhere from $45 to $135 per year on heating costs.
Altogether, that’s a range of savings from $117 to $351 per year!
With $350 you could by an Apple Watch, a 10-person family tent, a new TV and more!
This is without even figuring in other system features (like variable-speed operation, multiple-stages of heating or cooling, zoning, efficient, etc.). Combine a programmable thermostat with an ultra-high efficiency heating and air conditioning system and whole-house zoning and you’ll enjoy rock-bottom utility costs year round!
Do you have a programmable thermostat? If so, have you noticed reduced utility bill savings?
*Figures based on the average cost to run an air conditioner and a gas furnace per month. Actual costs will vary depending on the type of system you have, where you live and more.