FirstEnergy's Ohio Customers Can Save Money and Energy Through Smart Thermostat

Rhea-AI Summary

FirstEnergy Corp. (NYSE: FE) has announced a rebate program for its Ohio utility customers, including The Illuminating Company, Ohio Edison, and Toledo Edison. Customers can receive up to $75 when purchasing an ENERGY STAR^® certified smart thermostat until September 30, 2020. This initiative aims to help customers save energy costs, as heating and cooling can account for nearly half of a household's energy expenses, exceeding $900 annually. The program reflects FirstEnergy's commitment to energy efficiency amidst the increased electricity use during summer and the coronavirus health crisis.

Positive

• Rebate of up to $75 for ENERGY STAR smart thermostats
• Encourages energy savings, potentially reducing home energy costs related to heating and cooling
• Program aligns with increased customer demand for energy efficiency solutions during the pandemic

Negative

• None.

AKRON, Ohio, July 7, 2020 /PRNewswire/ -- Residential customers of FirstEnergy Corp.'s (NYSE: FE) Ohio utilities – The Illuminating Company, Ohio Edison and Toledo Edison – can save energy and earn a rebate up to $75 through September 30, 2020, with the purchase of an ENERGY STAR® certified smart thermostat. In addition to providing energy savings, these devices offer environmental benefits and convenience while giving customers added insight into their home energy use.  

A smart thermostat is a Wi-Fi enabled device that automatically adjusts heating and cooling temperature settings in one's home for optimal performance. With remote features, customers can regulate the temperature and comfort settings for their home based on their schedule.

Nearly half of a home's energy costs can come from heating and cooling, totaling more than $900 per year. Smart thermostats give customers more control over their home's temperature settings and may help save money during these difficult times.  

"Hot summer weather, coupled with more time at home during the coronavirus health emergency, can increase electricity use, resulting in higher electric bills," said Nicole Williams, Manager of Energy Efficiency Residential Program Implementation at FirstEnergy.  "Smart thermostat technology can be helpful in saving money by automatically adjusting temperature settings to keep you comfortable when you are home and switching to energy-saving settings when you are away."

The $75 rebates are available for both online and in-store purchases. For more details on the program or to submit a rebate, visit www.energysaveOhio.com.

Ohio Edison serves more than 1 million customers across 34 Ohio counties. Follow Ohio Edison on Twitter @OhioEdison and on Facebook at www.facebook.com/OhioEdison.

The Illuminating Company serves more than 750,000 customers across Ashtabula, Cuyahoga, Geauga, Lake and Lorain counties. Follow The Illuminating Company on Twitter @IlluminatingCo and on Facebook at www.facebook.com/IlluminatingCo.

Toledo Edison serves more than 300,000 customers in northwest Ohio. Follow Toledo Edison on Twitter @ToledoEdison or on Facebook at www.facebook.com/ToledoEdison.

FirstEnergy is dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,500 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Visit FirstEnergy online at www.firstenergycorp.com and follow FirstEnergy and its operating companies on Twitter @FirstEnergyCorp, @OhioEdison, @ToledoEdison, @IlluminatingCo, @W_Penn_Power, @Penn_Power, @Penelec, @Met_Ed, @JCP_L, @PotomacEdison, @MonPowerWV.

 

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SOURCE FirstEnergy Corp.

FAQ

What is the rebate amount for FirstEnergy customers purchasing a smart thermostat?

FirstEnergy customers can receive a rebate of up to $75 when purchasing an ENERGY STAR certified smart thermostat.

What is the deadline for the smart thermostat rebate program?

The deadline for purchasing a smart thermostat and claiming the rebate is September 30, 2020.

How much can customers save annually with smart thermostats?

Customers can potentially save over $900 per year on energy costs related to heating and cooling.

Which utility companies are participating in FirstEnergy's rebate program?

The participating utilities are The Illuminating Company, Ohio Edison, and Toledo Edison.

What benefits do smart thermostats provide to customers?

Smart thermostats provide energy savings, convenience, and insights into home energy usage.