Heating water can account for up to 25% of the energy usage in your home. Here are a few ways you can save money on your energy bill for heating water. If you are replacing your storage type water heater, look for an energy efficient model that is properly sized for your home. If the tank is too small, you run the risk of running out of hot water at an inopportune time. If the tank is too bit, you will waste energy and money by heating more water than necessary and keeping it hot.
To save energy without replacing your existing water heater, install an insulation blanket. These are available at your local home improvement store and can save up to 9% in water heating costs. Blankets for electric water heaters are easy to install, but you should consider having a reputable local plumber install one on your gas or oil water heater.
Installing heat traps on your water heater can also save energy by limiting convective heat loss through your outlet and inlet pipes. Heat traps are installed in the inlet and outlet pipe and should usually be installed by an experienced plumber.
A timer that turns your water heater off at night or while you are away from home during the day can save significant money on water heating bills. Timers are most effective on electric water heaters, but can also be installed on gas or oil water heaters. In some areas, your power company may offer lower rates or other incentives if you allow them to install a control device that they can use to shut off your water heater during periods of heavy demand.
