Tips to Help Save Money With Your Humble Water Heater

In an economic time when just about everyone is trying to conserve energy and save money, there are ways in which homeowners can use their water heater to help save them some cash each month.  There are ways in which to use the water heater as an advantage. There are some solutions that are quite simple including reducing consumption and turning down the thermostat, but there are some other tips that often overlooked.

The first important step to saving money through the use of a water heater is to immediately fix any drips or leaks. When the hot side of a faucet drips or has a leak, the cold water enters the tank at the same speed in which the water is dripping from the faucet.

Secondly, homeowners should be sure to maintain their water heater.  On average, if a water heater lasts approximately ten years and the initial cost was $500, it depreciates at a rate of over four dollars per month. A properly maintained water heater can last over 20 years and can really serve to save homeowners money.

Another tip for saving money is to never turn the hot water one while using cold water. When hot water is used, it immediately signals for cold water to enter the tank. This means that the water heater has to work more and run longer which in turns increases energy costs.

Wrapping the water heater itself in insulation can save up to 9% of yearly operating costs. Most water heating blankets can be purchased for around $25 dollars and will be paid back in savings within one year of use.

Other quick tips include installing a water heater time, adding heat traps, and inspecting the water heater regularly for any cracks or leaks. Using some of these tips can help homeowners to use their water heaters as a way to save money on energy costs.