New Visitors Privacy Policy Sponsorship Contact Us Media
Baby Boomers Family Green Home and Auto In Critical Condition Just Starting Out Lifestyle Money
- advertisement -
Bankrate.com
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Equity
Auto CDs &
Investments
Retirement Checking &
Savings
Credit
Cards
Debt
Management
College
Finance
Taxes Personal
Finance

 
A smart solution for a thermostat-war zone

The more coldblooded among us, those who actually prefer it warmer in summer and colder in winter, like to point out all the money our metabolism will save the household in heating and cooling bills.

- advertisement -

And we have a point -- up to a point -- says Harvey Sachs, director of the buildings program for the American Council for an Energy-Efficient Economy.

The key lies in what Sachs calls "setbacks," those periods when you turn the thermostat down (in winter) or up (in summer) to conserve energy. Typically, there are three basic ones: sleep mode (midnight to 8 a.m.), work mode (8 a.m. to 4 p.m.) and home mode (4 p.m. to midnight).

"As a rule of thumb, you'll realize a 1- to 2-percent savings for every degree if you're doing eight-hour setbacks," he says. "It will be toward the higher end if you're doing two eight-hour setbacks and toward the lower end if you're doing one."

Let's look at it in practice. Say you normally set your thermostat in winter at 70 degrees Fahrenheit, and the heating/cooling portion of your energy bill works out to $100 per month. If you set back that temperature to 62 for the overnight and workday periods, you could cut your bill by $16 per month (2 percent of $100 = $2, times eight degrees = $16). A similar savings would apply in summer if you did two eight-hour setbacks from 70 to 78 degrees.

But Sachs says fighting over the thermostat for a couple hours of TV viewing in the evening -- winter or summer -- won't make much difference in your energy bill.

That's because it takes longer to heat or cool the contents of your home than it does the air. "If you just get into an evening's worth of thermostat wars, you're probably going to heat up the emotions more than the house," he says. "If you turn it up for a half-hour, you're mostly heating the air, which doesn't have much heat capacity."

In fact, if you do winter setbacks with a heat pump, as opposed to a furnace, your penny-pinching can actually cost you money.

"Say you drop the temperature overnight to 62 degrees, then set the thermostat to bring it up to 70 degrees in the morning. The normal thermostat can't do that without resistance heat, which involves turning on what amounts to a set of very heavy-duty toasters inside your air ducts. These things burn at 10 kilowatts or so, much more than an electric water heater, so they bring the temperature up very quickly but send your electric meter spinning like crazy," Sachs says.

The solution: Buy a smart heat-pump thermostat ($30-$150), which uses the heat pump itself to gradually adjust to preset temperatures without activating the resistance heaters.

But even the hottest couple can turn cold over the temperature setting of their love nest, see "Resolving a marital conflict: thermostat wars" for more.

Bankrate.com's corrections policy
-- Posted: June 23, 2006
 
 
Create a news alert for "saving"
 
 RESOURCES
Resolving thermostat wars
Replacing your air conditioner
Tax breaks for energy savings
 TOP PERSONAL FINANCE STORIES
9 cash-saving strategies that pay big bucks
5 low-tech ways to manage cash
8 ways to find and keep a temporary job
 

Compare Rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 4.96%
48 month new car loan 6.79%
1 yr CD 1.58%
Rates may include points
ADVERTISING PARTNERS
RELATED CALCULATORS
  How much life insurance do I need?  
  Calculate your payment on any loan  
  What will it take to save for a goal?  
VIEW ALL  
BASICS SERIES
Begin with personal finance fundamentals:
Auto Loans
Checking
Credit Cards
Debt Consolidation
Insurance
Investing
Home Equity
Mortgages
Student Loans
Taxes
Retirement
FINANCIAL LITERACY
Rev up your portfolio
with these tips and tricks.
- advertisement -
- advertisement -

News & Advice | Compare Rates | Calculators
Mortgage | Home Equity | Auto | Investing | Checking & Savings | Credit Cards | Debt Management | College Finance | Taxes | Personal Finance
About Bankrate | Privacy | Online Media Kit | Partnerships | Investor Relations | Press/Broadcast | Contact Us | Sitemap
NASDAQ: RATE | RSS Feeds | Order Rate Data | Bankrate Canada | Bankrate China

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2009 Bankrate, Inc., All Rights Reserved, Terms of Use.