Learn more about how we calculate energy savingsĪvg cost of electricity ($1,562) + Avg cost of natural gas ($577.19) × Percent of energy used for heating and cooling (.51) × ecobee’s savings claim (.26) = ecobee dollar savings ($284) per yearĪccording to XE.com, on November 2, 2022, $284 US equaled $388 Canadian dollars.ġ(*) U.S. ![]() ecobee’s savings claim.īased on an internal analysis conducted in April 2021, by activating eco+ features, ecobee customers in North America saved up to 26% on their heating and cooling costs compared to customers who kept their homes at a commonly used temperature of 72☏ (22☌) all the time. Percent of household energy used for heating and coolingĪccording to the U.S EIA, 51% of a household’s annual energy consumption is for space heating and cooling 5, making heating and cooling equipment the largest consumers of energy in the average home. At an average cost of $15.19 per thousand square feet for natural gas in the six months ending in June 2022, we estimate the average household spends $577.19 on natural gas per year. 3 We divided that number by the total number of households in the United States (122,354,219 4) to determine that the average home consumed 38,004 cubic feet of natural gas in 2021. residential sector consumed 4.65 trillion cubic feet of natural gas in 2021. 2 By multiplying 11,000 by 0.1441 we get the average cost of electricity per household per year: $1,562. Energy Information Administration (EIA), the average home consumes 11,000 kilowatt-hours (kWh) of electricity per year 1(*), and the average price of electricity in the 12 months ending in June 2022 was 14.41 cents per kWh. Here’s what goes into the $284 ($388 in Canada) figure: Average cost of electricityĪccording to the U.S. Available to users in areas with time-of-use electricity rates.īy enabling eco+ smart features, your smart thermostat can help you save up to 26% or $284 ($388 in Canada) on your annual heating and cooling costs. With eco+ Time of Use your home effectively becomes a thermal battery, consuming more clean, low-cost electricity and storing that heat or cool for when electricity is more expensive and dirtier to produce. eco+ uses the humidity reading on ecobee thermostats to make sure your home always feels like the temperature on your thermostat, without heating or cooling more than needed. Humidity can affect how the temperature feels in your home. By taking household occupancy into account, Smart Home & Away automatically adjusts the temperature for energy savings when you leave home and sets the temperature for comfort when your return. Your thermostat schedule may not always mirror your household’s occupancy habits. ![]() ![]() 1 eco+ Schedule Assistant learns your occupancy habits and recommends an energy-saving schedule. Schedule AssistantĪccording to ENERGY STAR, keeping an accurate thermostat schedule is the easiest way to lower your heating and cooling costs and reduce your home’s energy footprint. ![]() Enable the following eco+ features to maximize your energy savings, enhance your comfort, and make a positive difference on the environment. Ecobee smart thermostats were among the first to be ENERGY STAR® certified to deliver cost savings and keep you comfortable.
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