To help cut costs on your water heating, the best thing you can do is to install a water heater insulating jacket. Every water heater loses heat through its sides. By wrapping your water heater with an insulating jacket, you can save $47 per year on your water-heating bill.
You can get an insulating jacket at any home improvement store. Be sure to follow the manufacturer’s instructions when you install the jacket. It’s easy to install and you can start saving money right away!
For additional savings… set your water heater temperature at 120 degrees, instead of 140 degrees. 120 degrees is a satisfactory setting and by reducing the water temperature, you can save an additional $45 a year!