How Efficient is your Electric Hot Water Heater?

Did you know that your electric hot water heater can account for up to 15 percent of your home’s total energy usage? Just about everyone’s concerned with saving energy these days and the resulting cost savings can be pretty nice, too. Turning off lights, adjusting your thermostat, and adding attic insulation can all help make your home more energy efficient, but according to the government’s Energy Starwebsite — switching to a high efficiency electric water heater can save from 10 to 20 percent of the energy used by standard models. When you do the math, that can add up to a substantial savings on your monthly electric bill.
If that sounds pretty good, think about how much energy is being wasted by keeping the water in that tank hot 24 hours a day so that is ready any time you turn on a faucet. Did you know there’s a tankless electric water heater that only uses energy to heat the water when you need it? Energy Star estimates the average home can save from 45 to 60 percent of the energy costs produced by a standard water heater by switching to a high efficiency tankless model. If you need another good reason to switch, with a tankless unit you never have to worry about running out of hot water — it’s an endless supply.
These are just two ways you can reduce your energy costs by switching to high efficiency electric hot water heaters — ask us about other options that might work for your home.