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Yes, programmable thermostats can reduce the energy used for air conditioning or heating by 5 to 30%. Programmable thermostats save money by turning the air conditioner to a higher setting (or heater to a lower setting) when no one is present in the house, or in the evenings when it is cooler.

[From The Home Energy Saver a webpage from the Berkeley Lab website.]

My monthly gas bill was $20/month lower after adding a programmable thermostat.

I had already been turning down the heat when leaving the house, but the thermostat did it more efficiently and more regularly.

My costs went up after adding a programmable thermostat, because my brother and I don't have a very consistent schedule. We would always turn up the thermostat when we left, and never forgot. Now that we have a programmable one, we don't worry about it, but since our schedules are not very consistent, the system runs a lot when we aren't there.

Look into an Energex system. It solves that exact problem.

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Q: Will a programmable thermostat reduce your heating and cooling energy consumption?
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