It is cheaper to only put it on when needed. The reason for this is that the amount of electricity required to heat the water depends on how quickly the heat leaves the tank. Some will leave whenever you use the water, but some also leaves by getting out through the insulation.
It is certainly possible for a water heater to increase your utility bill. Several factors can reduce the efficiency, including a unit that is too small, too old, bad water, or an incorrectly set thermostat can increase the energy bill. Leaks and long pipes can increase your water usage.
In terms of your water heater, how quickly it heats water determines the overall energy efficiency of your unit. If your heater is taking too long to warm up the water for use throughout your home, it can send your electricity bill skyrocketing.
According to the U.S. Department of Energy, about 18% of your electricity costs are directly tied to your water heating system. If you've noticed a rise in your recent electric bills, don't start taking cold showers just yet.
Water Heater Temperature Recommendations
120 degrees Fahrenheit is the safety recommendation against scalding, but 140° is the common default setting.
Although it takes longer and requires more fuel to heat cold water, the energy required to maintain this constant temperature is much more expensive than the few times it is heated when necessary on occasion, due to its non-use, this water is also wasted, as a result, running a boiler continuously consumes more fuel ...
Turn down the temp.
A good rule of thumb is to keep your water heater at 120 degrees—any higher than that increases the risk for scalding. Plus, for every 10-degree decrease in hot water temperature, you can save 3 to 5 percent on your water heating bill***.
For poorly insulated units, the heat loss can be fairly significant. Of course, losing heat in this way leads to more energy consumption and increased heating bills. Some estimates state that turning your water heater off at night could save you up to 10% on your monthly energy bills.
Electric Water Heaters: Pros and Cons
Electric water heaters confer multiple benefits over gas units, including ease of installation, higher efficiency levels and safer operation. On the flip side, they have their own unique challenges, like slower heating and vulnerability during power outages.
If you have a leaking water heater, your water bill will increase. Most people don't think to check their water heater when they discover their water usage has been increasing month-over-month.
Anything between 120 and 140 degrees is within the safe range, which means it really all comes down to a matter of personal preference. If you have younger children in the house, you are always better to have your water heater set to 120 degrees to prevent scalding.
Understanding these settings can help when figuring out how to adjust the temp on water heater units. A typically represents around 130°F. B usually corresponds to 140°F. C indicates a temperature of about 150°F or higher.
The maximum Department of Energy recommended water heater temperature setting you should never exceed is 140 degrees Fahrenheit. The lowest recommended setting should never be below 120 degrees Fahrenheit.
Kilowatts measure the rate at which electricity moves through an appliance. More kilowatts mean more electricity, and bigger water heaters will typically use more watts. The average water heater runs at around 1125 watts, though some more powerful water heaters can use up to 4000 watts.
Heating and cooling: 45-50%
The largest electricity consumer in the average household is your heating and cooling appliance. By a long shot. Central air conditioners and heaters use tons of energy in order to keep your home set to the right temperature.
According to the Department of Energy, the average American household spends between $400 and $600 each year on water heating alone. This cost will vary depending on the electricity rates in your area and your water heating unit's efficiency.
While today's water heaters are better designed than older models, they still require regular maintenance in order to prolong their lives. With regular inspection, draining, and flushing, you can expect a gas water heater to last anywhere from 8-12 years and an electric water heater to last anywhere from 10-15 years.
An increased utility bill is often caused by a change in water usage or a leak. Some common causes of increased utility usage include: A leaking toilet, or a toilet that continues to run after being flushed.