Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

636
Posts
485
Votes
Jacob Pereira
  • Real Estate Agent
  • Austin, TX
485
Votes |
636
Posts

ROI on programmable thermostats

Jacob Pereira
  • Real Estate Agent
  • Austin, TX
Posted

Hello all,

Yesterday I installed my first Wifi enabled thermostat and I'm in love. Basically, Home Depot was offering 30% off of their thermostats, and my local utility (Austin Energy) offers an $85 rebate on thermostats that are internet enabled and join their peak load-shedding program. In other words, I'll end up paying about $15 for the new thermostat, and I expect to make that back in a month or two. 

I'd be ecstatic to extend this benefit to all of my tenants because I think it pays for itself very quickly, but I'm also aware that most people won't pay extra rent for this benefit, even if it'll save them money in the long term. Does anyone have any idea how to extract ROI out of energy efficiency in a rental?

Loading replies...