How to Manage Your Thermostat Settings to Save Money

How to Manage Your Thermostat Settings to Save Money

If you can manage your home thermostat settings properly, it can help you save money on fuel bills. First, do you have a regular thermostat or a programmable thermostat? If you don’t have a programmable thermostat, you might consider getting one.  Smart thermostats do most of the work for you. They automatically move the temperature in your home up and down based on your schedule. This makes them very energy efficient for a hands-off device.

If you currently have a regular thermostat, here are three tips to help keep your energy usage in check.

Location

Make sure it’s installed away from heating or cooling registers, appliances, direct lighting or windows. An interior wall in a hallway is usually best, as it will provide the most accurate reading for the ambient temperature in your home.

Leave it alone

Constantly adjusting your thermostat based on your personal preferences will result in spending more money and energy than you should. Every time you adjust your temperature, your furnace will have to work to kick on and off. The startup process for a furnace consumes more energy than simply running the entire time at one set temperature.

Keep the temperature constant

Resist the urge to crank the thermostat to a million degrees to heat your home more quickly. It doesn’t work like that. All that does is make your system work harder. It causes your system to run longer to hit that desired temperature, costing you more money to heat your home.

This chart from Energy Star can show you how to set your thermostat temperatures. 

Programmable Thermostat Settings

If you can adjust these temps even just a little bit more, you’ll save even more. For every 1 degree you reduce your thermostat, you can save 1% on your heating oil.

If you have a hectic schedule, maybe investing in a programmable thermostat would be the best bet. You can set it and forget it! According to the folks at Energy Star, proper use of pre-programmed settings with a smart thermostat can save you about $180 every year in energy costs. Don’t forget to see if there are any energy rebate programs in your area for buying energy efficient products.

Making a small investment in smart technology, or learning how to use your regular thermostat can help you save money.