Control Your Water Heater Cost With These 6 Tips

After choosing the best water heater for your home, controlling your water heater cost is a top priority for many homeowners that are trying to conserve their monthly expenses.

Obviously, not everyone has the budget to go out and purchase a brand new water heater or upgrade to new energy efficient appliances, however, with these tips you should be able to cut a good percentage of your bill to ensure you’re not only being green, you’re saving more money too.

Controlling Water Heater Cost

1.) Lower Your Water Heater Temperature

One way to control water heater cost is to lower the temperature on your unit.

In fact, according to Energy.gov, for every 10 degrees Fahrenheit you lower your water heater, you could save upwards of 5%.  Try to keep your water heater around 120 degrees Fahrenheit for the best results as going above this, your water heater could easily accommodate for nearly 20% of your energy bill.

2.) Reduce Shower/Bath Time

Sure, everyone tends to do their best thinking in the shower.  However, while you’re standing in there brainstorming the next Great American Novel, gallons of water are washing away down the drain along with your hard earned dollars.  To control water heater cost, try to limit your showers to a maximum of 10 minutes to ensure you save as much hot water as you can.  

Also, if you prefer baths as compared to showers, try mixing it up a bit.  A low flow shower head uses approximately 2 gallons of water every minute, while a standard bathtub can be filled with 42 gallons of water.

3.) Insulate Your Storage Tank

When you first have your water heater installed, consider having it insulated properly.  Afterward, you can easily follow the manufacturer’s recommendations for insulating your water heater properly.  While you’re at it, don’t forget to wrap up the hot and cold water pipes for the few feet that they’re connected to the tank as this could save you lots in energy consumption.

4.) Install Energy Efficient Appliances

Not everyone can afford to install energy efficient appliances right off the bat, however, this is definitely worth considering as an investment into your home in the long term.  Not only does it increase the value of your home (new homeowners find energy efficient homes and appliances irresistible), but you’ll save money on the amount of hot water that is continually run to both your dishwasher and washing machine.

Also, if you can manage it, use hot water sparingly when it comes to using your appliances as this is just one more way to decrease the amount of energy used to turn on your hot water heater.

5.) Install a Timer

Installing a timer can be extremely useful in saving you money.  Simply install it and turn it on to cut your hot water heater off during the peak times, at night, or whenever else you need to save energy.

6.) Turn Off Your Water

Everyone at some point and time has let their water run.  Whether you’re brushing your teeth, singing in the shower, or doing anything else that requires running liquids, find ways to turn off your water.  Additionally, if you can’t figure out how to troubleshoot water heater issues, hire a technician to repair ghost leaks so that water isn’t constantly running when you’re not aware.

By completing these tips, you’ll not only cut your energy bill to a portion of what it once was, you’ll become energy efficient and help save your local environment.

What do you do to save money on your water heater bill every month?

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