When talking about saving energy in your home, your hot water heater is easily one of the biggest drains on your pocketbook. While tank- less water heaters have become all the rage for energy savings, most of us have conventional storage-type water heaters.
Part of the problem with a conventional water storage tank is that it works constantly to keep water hot and ready whenever you want it. But as the water sits, it naturally cools down. Every time the water cools to a certain temperature, the burner or heating element kicks on to warm it up again. This is a constantly repeating cycle, whether you’re home using it or not!
This is one reason water heating is the second largest energy drain in your home. On average it accounts for between 14% and 20% of your household’s total energy costs. Depending on usage and the size of your household, this could potentially add up to between $400 and $600 per year.
The simplest way to save money and energy with your water heater is to turn down the thermostat.
For every 10 degrees you turn it down, you’ll save 3% to 5% on your bill. Most water heaters come preset at 140 degrees. Most people never adjust the temperature thereby lose money daily! The Department of Energy recommends most households keep their water heaters at 120 degrees.
If your water heater doesn’t have a temperature gauge, set it between low and medium, and wait to see if that works for your family. Trust me, nobody in your family will know the difference!
Turning your water heater down to 120 degrees could potentially save you 10% or more, and you should be able to see the energy savings reflected in your next bill!