How to Save Money on Your Water Heater

How to Save Money on Your Water Heater

Your water heater is designed to provide your home or business with a relatively constant supply of hot water. This is why it is so important to choose one that can continue to meet your needs for years to come.

The first and most important decision you need to make is whether you will choose a gas or electric water heater. Check to see what type you have now. You may only have a natural gas outlet or an electric outlet, and it would be more financially sound to buy the type of water heater that accommodates your current situation.

Each type of water heater offers its own unique advantages and disadvantages, so it is important to carefully consider which one is right for your home. Typically, gas water heaters cost far less to heat the water, compared to electric water heaters. Compare the costs of what the charge would be to heat with gas, contrasted with what it would cost to heat with electricity. Customer service representatives at your gas or electricity suppliers should be able to provide you with an accurate estimate.

Saving Money Regardless of Which Water Heater You Choose

There are a number of ways that you can save money, regardless of whether you choose a gas or electric water heater. Some of the most effective ways to save money include the following:

  • As a general rule, it is usually best to use cold water whenever you can to help reduce the need for heating water. This will save you money on your monthly utility costs, will help to cut back on water heater repairs, and can help to prolong your equipment’s useful life. Cleaning your home with cold water does not make any difference in the effectiveness, so use cold water as often as possible when cleaning, brushing your teeth, and doing laundry.
  • Turn the temperature setting on your water heater to 120 degrees or medium setting to help conserve energy.
  • Wrap your water heater with a water heater blanket to help save you money on your water heating costs.
  • Check for leaks regularly because they quickly waste water and energy. If you detect a leak, have it repaired right away to ensure that the problem does not get any worse.
  • Keep your equipment clean and well maintained at all times. Once a year, drain several gallons of water from the tank and have a plumbing professional inspect the heater to ensure that it is working properly and is not wasting any unnecessary water or energy.
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