Your Thermostat Can Save You Money This Summer: Here's How (2024)

All signs point to another scorching summer this year, which is all the more reason not to ignore your thermostat. When things really start heating up, it's still worth keeping an eye on your heating bill -- there are actually optimal temperatures for your thermostat in the winter and the summer.

While gas and electricity prices are relatively lower this year, wild temperature fluctuations could lead to additional costs in your monthly heating bill. If you're looking tosave money on your utility bills, one action you can take is to set yourthermostatto the correct temperature.

Below, we'll outline the best temperature to set your smart thermostat to save energy during summer and winter. We'll explain why it works to manage your home's climate more efficiently and share a few bonus thermostat tricks and heating habits to reduce your overall usage.

If you're looking for more energy savings year-round, check out how turning off the lights can save you money, and how weather stripping can contain the heatfor under $10.

There's an optimal temperature to set your thermostat for summer

According to the US Department of Energy, the best technique for staying cool yet minimizing utility costs in summer is to keep your home warmer than usual when no one is home and then set the temperature as high as comfortably possible when home. Energy Star, a program of the US Environmental Protection Agency and the US Department of Energy, suggested that homes be kept at 78 degrees Fahrenheit when home during the day.

It alsosuggeststhat the thermostat be set to 82 degrees Fahrenheit when sleeping and 85 degrees Fahrenheit when out of the house for maximum savings -- recommendations that weremet with scorn and disbelief on social media.

If setting your thermostat to somewhere in the 80s sounds too warm, then a good rule of thumb to follow is to turn your thermostat up 7 to 10 degrees from your normal setting for eight hours a day, so you can save up to 10% a year.

Read more:You Can Actually Save Money by Using Electricity at These Specific Times

This is the best temperature to set your thermostat for winter

According to the US Department of Energy, it's best to keep your thermostat at 68 degrees Fahrenheit for most of the day during the winter season. For maximum efficiency, you should also designate eight hours per day during which you turn the temperature down by between 7 and 10 degrees. By following this routine, you may again be able toreduce your yearly energy costsby up to 10%.

Depending on your schedule and comfort preferences, you can decide whether you'd prefer to keep your home cooler during the day or at night. Some people prefer turning the heat down at night when they can cozy up under blankets and won't notice the colder conditions. Plus,sleeping in chillier temperaturesmay be linked with getting more restful sleep.

For others, it might make more sense to turn the thermostat down during the daytime when they're at work. Once you're home, you can crank up the temperature to a more comfortable level.

Why your thermostat setting matters

In summer

A common misconception is that setting your air conditioner to a lower-than-normal temperature will cool your home faster. An air conditioner will only really cool your home to 15 to 20 degrees cooler than the outdoors; any other setting will not cool your home more and will result in unnecessarily high expenses.

Plus, a higher interior temperature setting in the summer will slow the flow of heat into your home, which results in both energy and money savings.

In winter

What makes 68 degrees Fahrenheit the best temperature for winter? It's on the lower end of comfortable indoor temperatures for some people, but there's a good reason to keep your home cooler during winter. When your home is set to a lower temperature, it will lose heat more slowly than if the temperature were higher. In other words, keeping your home at a cooler indoor temperature will help it retain heat longer and reduce the amount of energy required to keep the house comfortable. As a result, you'll save energy and money.

Watch this: Easy Ways to Lower Your Utility Bills and Save Money

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How to position your thermostat for maximum efficiency

In addition to following these temperature recommendations, you can maximize your energy efficiency byinstalling your thermostat in the right place. It's best to position your thermostat away from drafty areas (near vents, doors or windows) and away from places that receive direct sunlight, as these factors could activate your thermostat unnecessarily. Instead, place it on an interior wall in a well-used area of your home.

Have a heat pump? Keep this in mind

Fiddling with your thermostat multiple times per day isn't ideal, so it's best to have asmart thermostat or programmable thermostat that lets you set a schedule and automate temperature changes.

Some smart and programmable thermostats don't work well withheat pumps-- a furnace and AC alternative. If you have a heat pump system, ask your HVAC specialist about buying a special type of thermostat that's designed for use with your system.

Other ways to reduce energy costs

If you're frustrated with high utility bills, you might be interested in switching to green energy such assolarpower. With solar panels, you can generate power yourself, reducing energy costs and your reliance on the public grid. They're an eco-friendly alternative to traditional energy sources, providing clean power all year long (including in winter) for your home, business orvehicle.

The bottom line

Being smart about your thermostat settings can make a real difference to your energy consumption year-round. By reducing your home's temperature to 68 degrees Fahrenheit and under during winter and about 78 degrees Fahrenheit during summer, you can conserve energy and cut down your energy bills for good.