HomeEverything
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
← All Stories

Slash cooling costs by $100 this summer with these tips

Created at 29 Jun · 8:30 PM1 source↑ Market-relevant
IN SHORT

As heat waves grip the US, energy experts advise homeowners to prepare for higher cooling costs. Simple adjustments to thermostat settings, maintaining AC units, and improving home insulation can significantly reduce energy bills.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

$100potential summer cooling cost savings
78 degrees Fahrenheitrecommended thermostat setting
5% to 8%cooling cost savings per degree above 78°F
50%programmable thermostats not programmed
10 percentefficiency reduction from direct sunlight on AC units

Who's Involved

Energy experts
advise on reducing cooling costs during heat waves
This Old House experts
recommend strategic thermostat programming and AC unit placement
Richard Trethewey
This Old House plumbing and heating expert on AC unit placement
Alina Bradford
CNET Contributor on AC hacks and energy savings
Slash cooling costs by $100 this summer with these tips

↳ Why This Matters

With rising temperatures and increasing energy costs, implementing these practical tips can help households manage their budgets and stay comfortable during heat waves, reducing both financial strain and energy consumption.

Key facts

  • Adjusting thermostat settings higher can save 5-8% on cooling costs per degree.
  • Smart thermostats can automatically adjust temperatures to save energy.
  • Regular AC maintenance improves efficiency and extends system life.
  • Home energy audits can identify leaks and suggest insulation improvements.
  • Sealing leaks around windows and doors prevents cold air escape.

As millions of Americans prepare for a heat wave, energy experts are advising homeowners on strategies to reduce cooling costs. Simple adjustments to thermostat settings, regular maintenance of air conditioning units, and improving home insulation can lead to significant savings, potentially cutting summer cooling expenses by $100.

Setting thermostats strategically can yield substantial savings. For every degree Fahrenheit above 78 degrees, cooling costs can decrease by 5% to 8%. Experts recommend setting thermostats to 75°F from 6 a.m. to 9 a.m., 80°F from 9 a.m. to 5:30 p.m., 75°F from 5:30 p.m. to 11 p.m., and 80°F overnight. If leaving home for over an hour, setting the thermostat to 85°F or 90°F can further reduce energy consumption. Smart thermostats offer automated temperature regulation based on occupancy and learned habits, with some estimates suggesting up to 50% of programmable thermostats are not utilized effectively.

Maintaining air conditioning systems is crucial for efficiency. This includes cleaning or replacing air filters monthly and scheduling annual professional check-ups for coils and refrigerant levels. Additionally, placing AC condensers on the north or east side of a house, or shielding them from direct sunlight, can improve efficiency by up to 10 percent.

Improving home insulation and sealing air leaks are also key strategies. Home energy audits, whether professional or DIY, can identify areas where cold air escapes through windows, doors, attics, and other cracks. Caulking around windows and adding weatherstripping to doors can prevent this loss, ensuring that cooled air remains inside the home.

Frequently asked questions

Each degree Fahrenheit you raise your thermostat above 78°F can save you 5% to 8% on cooling costs. Smart thermostats can further optimize savings by automatically adjusting temperatures when you're away or asleep.

A smart thermostat connects to your phone and uses sensors to detect occupancy and learn your habits, automatically adjusting temperatures to save energy and money without manual input.

Placing AC condensers on the north or east side of your house, or shielding them from direct sunlight, can improve their efficiency by as much as 10 percent.

A home energy audit is a process where a professional or DIYer inspects your home for air leaks and insulation issues to recommend ways to improve energy efficiency and reduce costs.

What Happens Next

01Homeowners can conduct DIY energy audits to identify leaks.
02Consider upgrading to a smart thermostat for automated savings.
03Schedule annual professional maintenance for air conditioning units.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

Millions of Americans are preparing for a heat wave.
Energy experts suggest homeowners take steps to reduce cooling costs.
Tips include strategic thermostat settings, AC maintenance, and improving home insulation.
Adjusting thermostat settings can save 5% to 8% on cooling costs per degree above 78°F.
Smart thermostats can automatically regulate temperature based on occupancy and habits.
Regular AC maintenance, such as cleaning filters and coils, improves efficiency.
Home energy audits can identify leaks and recommend insulation improvements.
Caulking windows and weatherstripping doors can prevent cold air from escaping.

Sources

T1
Do this before the heat wave hits — and slash your cooling costs by $100 this summerMarketWatch
T2
Stay Cool Without Going Broke: 6 AC Hacks to Slash Your Billcnet.com
T2
15 Ways to Reduce Air-Conditioning Costs and Lower Your Summer Energy Billhousewifehowtos.com
T2
Ten Easy Ways to Cool Your Home - This Old Housethisoldhouse.com

Related Stories

ROAD Act faces 26.4% regulatory cost on new homes
29 Jun · 8:45 PM
Digital Realty Buys Blackstone Stake in 3 Virginia Data Centers for $7.8 Billion
29 Jun · 8:23 PM
AI wealth fuels luxury real estate shifts, The Agency report finds
29 Jun · 6:05 PM
Bed Bath & Beyond outlines housing platform strategy with three pilot programs
29 Jun · 5:05 PM
Ryan Ponsford on cementing reverse mortgage partnerships with financial advisers
29 Jun · 10:06 AM