10 Easy Ways To Save Money With a Thermostat

Are you here because of high energy bills, if yes, then you are at the right place. We will help you to save money with a thermostat.

You can save up to 10% a year on your cooling and heating expenses by setting your thermostat back 7° to 10°F from its standard setting.

An average American family spends about $2000 on energy costs each year, according to ENERGY STAR®. That’s a very big amount, right? Even a tiny change in the thermostat temperature will affect your bill expenses.

But don’t worry, in this guide, we will walk you through various tips and tricks to save energy.

Smart Thermostat vs Old Thermostat

How to save money with a thermostat

Old Thermostat

Old thermostats are manually working thermostats. With old thermostats, which are also called traditional thermostats, you have to set and adjust the temperature manually.

You can’t schedule it to adjust a temperature at a fixed time. For example, if you want a cool or warm house when you come back home, you’ll have to wait for the temperature to change after you adjusted the thermostat.

It can’t be scheduled automatically to adjust a temperature.

Smart Thermostat

With a smart thermostat, you can check the temperature inside your home on the app. You can cool or warm your house according to your needs. So, when you came back home. You don’t have to wait for the temperature to adjust accordingly.

Also, with the smart thermostat, you can schedule to change your house temperature automatically.

If you want to go out or a vacation. You can easily schedule the smart thermostat to adjust the temperature at a fixed time.

Recommended Thermostat Settings to Save Money

Thermostat Settings for Summer

You are wondering that summer is coming and what’s the best temperature for the thermostat to set at.

The best Thermostat temperature for summer is 78 degrees Fahrenheit. Energy.gov suggests raising the temperature more than normal when you are away in summer.

You can save a lot of money and energy by setting the thermostat at 78 degrees Fahrenheit.

It is estimated that for every one-degree rise in your temperature over 78 degrees Fahrenheit, you can save six to eight percent of your home energy bills.

Programmable thermostats or smart thermostats can help you to set different temperatures at different times of the day. You can monitor your home’s temperature automatically while you’re away

Thermostat Settings for Winter

How to save money with a thermostat

Are you thinking that winter is coming again? The most common problem of winter is to stay warm. In winter, you should be preparing to set your thermostat at the most suitable temperature not just only to help you stay warm but also help you to save money.

Different temperatures are suitable for different people. Locations matter also in determining the best thermostat temperature to set at.

The Ideal Thermostat temperature is 68 degrees Fahrenheit when you are at home.

According to Energy.gov, 68 degrees Fahrenheit is considered the best thermostat temperature to save energy. You can set it to lower while you’re sleeping or away from home.

You can set the thermostat temperature to between 68 and 72 degrees Fahrenheit to minimize your energy usage and energy bills.

According to EnergyHub for each degree you lower your heat, you can save 3 percent or more on heating costs. Isn’t that impressive? Little steps can help you save a bigger loss.

10 Ways to Save Money With a Thermostat

How to save money with a thermostat

During summer, all you wanna do is to sit in a chill room. But with that, energy bills sky-rockets. Air conditioner efficiency is necessary to cost down your bills.

1. Use Ceiling Fan When Possible

Turn on your room’s ceiling fan to lower your room’s temperature. And, you can increase 3-5 degrees higher temperature on your thermostat. In this way, you will still feel comfortable and at ease.

A fan can make a room feel 4-6 degrees cooler. So, it is always advisable to use a ceiling fan when the temperature is not very high.

2. Increase The Temperature In Summer

Increase the temperature of a thermostat when you’re not at home. Increasing the temperature above 78 degrees Fahrenheit will help you to save money.

You’ll save 5 to 8 percent on cooling costs with each degree above that mark (78 degrees Fahrenheit)

For an average household, setting the temperature at 80 degrees will save you 10 to 15 percent, and setting it at 85 degrees will save 30 to 50 percent on cooling costs.

3. Use Programmable Thermostat

Programmable thermostats are a great way to save energy usage and costs of energy bills. According to the U.S. Department of Energy, you can save up to 10% a year on heating and cooling costs by using a programmable thermostat properly.

With programmable thermostats, you can schedule to change the temperature of your home automatically. You can control the temperature of your by the app.

Nest, the manufacturer of smart thermostats, conducted a study that concluded that you can save 10 to 12% on heating and 15% on cooling costs by using programmable thermostats.

4. Install Your Thermostat At the Right Place

The place of installation of your thermostat is very important in determining the performance and efficiency of your thermostat.

Incorrect placement of thermostats will cause higher AC bills and energy wastage. Install your thermostat at a height of 52 to 60 inches.

Best places to set your thermostat at

  • Center of your home
  • Frequently used room
  • 1st floor in a two-story building
  • On interior wall

Worst places to set your thermostat at

  • Direct Sunlight places
  • Empty room
  • Empty hallway
  • In hot kitchen
  • Near Vents
  • Near doors
  • Near Windows

5. Don’t Consider Turning Your Thermostat Off

Don’t turn your thermostat off, it will not save you money. Rather, it will consume more electricity after a complete shutdown. The furnace has to work even harder and consumes more electricity than before.

You can turn the heat down before going to sleep but don’t turn off the thermostat. Find a temperature that is comfortable for you. You can lower the temperature by 8 degrees while going to sleep.

6. Filter Maintenance

If all the other things are correct, and the bills are still high. You should consider cleaning up the filter. Your blower fan has to work a lot harder to bring in the air when a clogged filter blocks airflow.

Changing your air filter regularly will help with proper airflow through the ventilation system. The result is your energy bills will go down.

7. Keep Your Thermostat Settings On Auto

Whether you have a smart thermostat or a manual thermostat, you should keep your thermostat settings on auto. Because keeping your thermostat at auto settings will result in more energy-efficient usage and can really save money.

Keeping your thermostat at AUTO settings will use less energy because on AUTO settings it will only work when required.

8. Turn The Temperature Down In Winter

The best temperature in winter to keep your thermostat at is 68 degrees Fahrenheit according to the U.S. Department of Energy. The U.S. Department of Energy suggests lowering the temperature while you’re sleeping.

For maximum energy efficiency, you should keep your thermostat down by 7 to 10 degrees for 8 hours a day.

Lowering the temperature for a few hours is one of the best ways to save money with a thermostat.

9. Use Drapes In Winter

Use drapes, curtains, and window treatments in winter to keep the most of heat inside the home and be safe from heat wastage.

In this way, you save money with a thermostat, because the heat required to warm your house is less needed. Your furnace has to work less which as a result saves you more energy.

10. Seal All The Leakes

If you have done all the previous steps and still thinking about why your thermostat is not working properly and causing you higher energy bills. Then this is what you need.

Get an inspection of leaks, and that is if your house has any leaks or not. You have to make sure that there are no leaks and openings in your house, that are causing energy wastage.

Check doors, windows, baseboards, and other openings to ensure that the air is not escaping from your home.

Conclusion

In this article, we introduce you to easy ways how you can save money with a thermostat. Check out our related articles to know more about thermostats. We will keep posting informational and helpful content.

FAQs

1. Does a thermostat really save money?

The answer is yes. If you properly use the thermostat. You can save a lot of money with a thermostat over a year.

2. How much money can you save with a thermostat?

According to the U.S. Department of Energy, you can save up to 10% a year on heating and cooling costs by using a programmable thermostat properly.

3. What is the best temperature to save money?

The best temperature according to Energy.gov is 78 degrees Fahrenheit in summer and 68 degrees Fahrenheit in winter.

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