Fuel Costs On Tank Style Water Heaters Can Be Reduced With Small Choices Like a Electric Water Heater Timer
Steps
Turn down the thermostat. A tank style water heater can and does keep your water hot all day and all night, regardless if you need it at those times or not. So if you turn down the thermostat is expends less energy every hour of the day and night.
Insulate your hot water heater tank. You can get an additional insulation jacket that is the correct size for your hot water heater and it will jacket your heater and reduce the heat loss. This is a good idea as the older water heaters had less insulation.
Buy and electric water heater timer. An electric water heater timer is exactly what it sounds like. It is a timer that tells your water heater when to turn off and when to turn back on. This way instead of running all day and all night, you could shut it off for the night and have it come on an hour before you get up. Have it shut down during the day while you are gone to work and heat back up when you are on your way home. The electric water heater timer can also shut off the system while you are traveling to save you money.
Add insulation to the room in which the water heater is located. This helps the water heater to loose less heat.
You can add an on-demand tankless or small electric water heater to your system to cut down on costs, as they heat water only when its in use, not when its just being stored.
Unfortunately, there are small or larger costs involved in these long term cost savings. The electric water heater timer is about $50.00. The insulation jacket is about $30.00 to $50.00. Regular insulation could cost you aroung $300.00 to $1,000.00. An on-demand tankless or small electric water heater can cost anywhere from $300.00 to $2,500.00.
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