When you’re making home upgrades, it’s easy to leave your thermostat on the back burner.

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After all, unless your current one is broken, you probably won’t ever consider repairing or upgrading it. However, if the time comes when you need to replace your thermostat, you’ll also want to know how much you might have to spend.

Many homeowners wonder whether or not thermostats are expensive and how to afford key home upgrades. Whether you need to replace your thermostat and you’re looking for the right model, or you want to know how much an upgrade will run you, here’s what you should know.

Thermostat prices can vary greatly.

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Depending on your unique needs and your preferred features, your new thermostat could range anywhere from $15 all the way to $300+. This means that you have to have a pretty clear idea of the thermostat features and integrations you want. Especially if you’re spotting another sign you should replace your thermostat, such as inaccurate temperature readouts or an unresponsive screen, you need to set up a firm budget and divide thermostat features into both wants and needs. For instance, one family may require a programmable thermostat but doesn’t need to spend the extra money for wi-fi compatibility. For someone else who’s constantly on the go, it’s helpful to ensure they’re only running their AC unit or system when they need to.

When you start adding in features like wi-fi compatibility, smart device integration, and responsive customer service, your thermostat’s price will start to climb. However, for a basic programmable thermostat, you can still enjoy regular thermostat schedules without having to pay too much extra.

There are ways to save money on your thermostat.

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Whether you need to replace a faulty thermostat or you want a smart thermostat to help you save on your monthly fees, it’s helpful if you know a few ways to save some money while still getting an effective product. You can also turn to financial services that can help you find home energy efficiency discounts, AC unit installation rebates, and technician promotions that can help you if you’re looking to get the best deal. Oftentimes, you can start with your credit union or financial institution.

You don’t have to work with the best online bank in Canada to find helpful financial resources. In many cases, a traditional bank can work well, too. However, an online bank account makes it much easier for you to compare different home improvement offers, spot any energy efficiency credits, and see whether local energy suppliers offer rebates for smart thermostats and green home upgrades.

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If you don’t want to turn to a big bank for your thermostat replacement or you’re worried about high interest rates attached to any lending opportunities, you can also shop around online to compare different thermostats, perks, and features. This is an easy way to find a thermostat with easy access to temperature settings, intuitive smart integrations (if applicable), and reliability so you can have the added peace of mind that your new system is performing as intended.

This is particularly important if you’re interested in added cost savings because system efficiency is a critical component of any thermostat replacement, especially if you’re looking for something that can help automate temperature settings and create personalized schedules based on your previous usage. This can help you save on your energy bills and make you feel more confident about your upfront investment.

Your thermostat is a key investment.

The right thermostat can help lower your energy bill, improve air conditioning efficiency, and help fight in-home humidity. Whether you’re looking for an HVAC technician-recommended thermostat or a smart system that will automate your air controls, there are plenty of ways to save money when buying a new temperature control.