Smart Thermostats: How to Use Your Rental’s Tech to Save Money On Electricity

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Smart Thermostat
In the modern Portland rental market, a smart thermostat is no longer just a “cool gadget”—it is one of the most powerful tools in your financial arsenal. With Portland General Electric (PGE) implementing new rate structures and peak-time incentives, understanding how to leverage your rental’s technology can mean the difference between a manageable utility bill and a mid-winter budget shock.
Whether you’ve just moved into a high-tech apartment in the Pearl District or a managed home in Beaverton, here is how to master your smart thermostat to keep your PGE bill in check.

Master the “Time of Day” Pricing

PGE offers a Time of Day pricing plan that rewards you for shifting your energy use away from high-demand hours. For renters, this is where your smart thermostat shines.
  • The Peak Hours: Generally, demand spikes on weekdays from 5:00 PM to 9:00 PM.
  • The Strategy: Use your thermostat’s scheduling feature to “pre-cool” or “pre-heat” your home.
    • In Winter: Set the temperature to 70°F at 3:30 PM, then program it to drop to 65°F right at 5:00 PM. Your home will stay comfortable throughout the peak window while your furnace stays silent during the most expensive hours.

Enroll in the PGE Smart Thermostat Program

Did you know PGE will actually pay you to use your thermostat? If your rental comes equipped with a Google Nest, ecobee, or other compatible device, you can join the Smart Thermostat Program.
  • Sign-up Bonus: You can receive a $25 enrollment credit.
  • Seasonal Rewards: You can earn another $25 each summer and winter for participating in “Peak Time Events.”
  • How it works: During a handful of days each season when the grid is stressed, PGE will subtly adjust your thermostat by 1 to 3 degrees. You always have the power to override it, but if you stick with it, the savings add up.

Leverage “Away” Modes and Geofencing

One of the biggest energy drains for renters is heating or cooling an empty apartment. If your property manager has provided a smart thermostat, it likely has Geofencing capabilities. By linking the thermostat to your smartphone, the device “knows” when you’ve left for work or a weekend trip to the coast. It will automatically enter Eco-mode, ensuring you aren’t paying to heat your houseplants’ home.

Smart Tips for Portland’s Specific Climate

The Pacific Northwest is famous for its damp, chilly winters and increasingly hot summers. To optimize your tech:
  • The 68/78 Rule: PGE recommends setting your thermostat to 68°F in the winter and 78°F in the summer. Every degree you move away from these benchmarks can change your energy usage by 3% to 5%.
  • Humidity Control: Many smart thermostats (like the ecobee) can monitor humidity. In the winter, keeping your home slightly more humid can actually make it feel warmer at lower temperatures, allowing you to turn the heat down a notch

The Benefit of Professional Management

Navigating the intersection of technology and utility costs is much easier when your home is managed by professionals who prioritize energy efficiency. High-quality property management ensures that HVAC systems are serviced, filters are changed, and the tech in your home is actually working for you, not against you.
If you are a property owner looking to modernize your rentals with energy-saving tech, or a renter searching for a home that won’t break the bank on utilities, 4 Rent Local is here to help. As Portland’s premier property management experts, we specialize in maximizing value for owners while providing top-tier, tech-forward living experiences for tenants.

Ready to simplify your rental experience? Whether you need expert property management in the Portland Metro area or are looking for your next energy-efficient home, contact 4 Rent Local today at (503) 646-9664 – Talk to a Live Person – Our office answers the phone 9 AM to 5 PM Monday through Friday – or click here to connect with us online. 

author avatar
Jeremy Raglin