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Ways to Cut Your Water Heater Energy Costs

With the cost of energy so high, everyone wants to save on household items such as water heaters. Fortunately, a few easy strategies can help you reduce costs and provide long-term savings on this essential equipment.

1. Insulate Your Hot Water Tank and Pipes

This will help keep the heat inside the tank rather than letting some of it escape into the environment. Be sure to use products specifically made for water heater tanks, as they are designed to resist corrosion and withstand high temperatures without deteriorating. A professional should be consulted for proper installation.

2. Set the Thermostat to the Appropriate Temperature

The recommended setting is 120 degrees Fahrenheit, although some prefer a lower setting (such as 110 – 115 degrees) to save energy and money. To adjust the temperature, locate the thermostat control and turn it to a lower setting.

3. Turn Off Your Water Heater

When you plan to be away for an extended period or you’re not using hot water daily, consider turning off your water heater altogether. This will save you money by not having to heat the water unnecessarily.

4. Install a Timer

A timer can be installed on your water heater so it will only run at certain times when hot water is needed. This will help reduce energy consumption throughout the day and provide hot water when necessary.

5. Use Energy-Efficient Appliances

When purchasing a new water heater, look for models with the ENERGY STAR label, which indicates it meets or exceeds efficiency standards set by the U.S. Department of Energy. Make sure you choose the correct size and type of water heater to match your needs and local climate. As a bonus, some high-efficiency models qualify for state or federal tax credits, so check with your local utility provider for more information.

6. Fix Any Leaks

A leaky faucet, pipe, or water heater can cause an increase in energy costs. Make sure to fix any leaks as soon as possible to prevent further damage and unnecessary energy consumption. Professional plumbers can fix leaks quickly and efficiently.

7. Install a Tankless Water Heater

Tankless water heaters are becoming increasingly popular as they provide hot water on demand and lower energy costs. They are smaller, so they take up less space and can be installed almost anywhere. They feature advanced technology and are more efficient than traditional water heaters, so you’ll save money in the long run.

Following these steps can significantly impact your water heater energy costs. Professional installation is sometimes recommended, so consult a plumbing expert if necessary. With the right strategies, you can save money and energy while enjoying hot water when needed. If you’re anywhere in Dayton, OH, contact us at Buckeye Plumbing today for solutions to reduce water heating costs.