Electricity bills seem to climb every quarter, and as come into winter, keeping energy bills low is an even higher priority as energy usage increases in winter. It’s not surprising that one of the hottest topics about water heaters is which one is the most energy efficient. That’s because a water heater can account for up to 12% of a family’s utility bill, which is a relatively significant portion. Here we look at 7 ways you can use your water heater to save on your utility bill.
1. Switch to an On-Demand (Tankless) Heater
On-demand and tankless water heaters can be 24-34% more energy efficient than tank water heaters, meaning they use less energy to provide the same amount of hot water. On-demand heaters provide energy savings because they only heat water when it’s needed, and no energy is lost in ‘standby heat loss’ that occurs as hot water just sits in the tank. By saving energy, installing a tankless water heater also helps you save on your electricity bill.
2. Upgrade To A Newer Model
If you already have an electric tank water heater, upgrading to a newer model can help you save on your electricity bill. Newer tank water heaters are more energy efficient with better insulation, new features and less chance of leaks or damage which can reduce the efficiency of older heaters. A plumber can help you install a new water heater to suit your needs and save on electricity.
3. Insulate Your Water Heater
If you don’t want to replace your water heater, it’s a good idea to insulate your tank water heater to prevent standby heat loss. This improves the efficiency of your water heater and reduces your electricity bill, and water doesn’t have to be heated and reheated over and over again.
4. Use A Water Heater Timer
A water heater timer can be installed with your tank water heater to automatically turn your water heater off when it’s not in use, such as overnight. Tank water heaters are constantly heating and storing water according to the temperature setting. If you’re not going to be using hot water for many hours, there’s no need to waste energy heating the tank. Installing a water heater timer can help to reduce energy usage and save on your electricity bill.
5. Lower The Temperature
Reducing your tank water heater and tankless water heater temperature can help you to save on your electricity bill by using less energy. For every 10 degrees Fahrenheit that you reduce the temperature on your water heater, you can save 3-5% on your electricity costs.
6. Install Heat Traps On Your Hot Water Tank
Newer tank storage heaters sometimes come with heat traps installed. But if your tank water heater doesn’t have heat traps, installing them can shave $15-$30 off your water heating bill.
7. Insulate Pipes Around Your Water Heater
While protecting and conserving energy at the water heater is essential, as soon as hot water leaves the tank, heat and energy loss can start. Insulated the pipes leading immediately away from your water heater to prevent heat loss and allow you to save energy on the water heater.
Because it makes up such a significant portion of your electricity bill, your water heater can also help you access substantial savings. Talk to your plumber today about the practices and changes you can implement to use your water heater to save on your electricity bill.