Water heaters are among the highest energy-consuming appliances in your home. Energy star predicts that households spend between $400 and $600 on
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.
Typically, a hot water heater that uses a tank will run for 3 to 5 hours per day. So, a 4,000-watt heater used for 3 hours a day at 10¢ per kWh will cost $1.20 per day, about $36.50 per month, or $438 per year.
Using a space heater 8 hours per day will use about 84 kilowatt-hours of electricity per week. It costs an average of $51.65 to run a space heater for a month and $258.26 to run for a year.
For instance, a medium-sized, 40-gallon water heater that draws 4500 watts and is active for 2 hours a day at a rate of $0.13 per kilowatt-hour (kWh) costs about $1.17 to work per day, which comes to $35 each month or $426 each year.
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.
What costs the most on your electric bill? Heating and cooling are by far the greatest energy users in the home, making up around 40% of your electric bill. Other big users are washers, dryers, ovens, and stoves. Electronic devices like laptops and TVs are usually pretty cheap to run, but of course, it can all add up.
Extra showers, more lights, and adjusting the thermostat even just a couple degrees can all add up to a higher electric bill.
How Much Does Electric Heat Cost? On average, electric heating in the US is roughly $838 a year.
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.
Water heating accounts for about 18% of your home's energy use and is the typically the second largest energy expense in any home. You can reduce your water heating bills in four primary ways: Using less hot water. Using energy-saving strategies, such as turning down the thermostat on your water heater.
It's better to leave the hot water heater on all the time, rather than turning it on and off. This is a very common energy saving myth. But in fact, you really don't need to be heating your water all the time.
Temperature Is Too High
The most obvious reason for a high water heater gas bill is if the temperature is set too high. According to experts, most homeowners should keep water heater temperatures between 120 and 140 degrees F.
Water heaters are among the highest energy-consuming appliances in your home. Energy star predicts that households spend between $400 and $600 on heating water every year for things like laundry, showers, and washing dishes, making water heaters the second most energy-consuming appliance in your home.
Assuming you have a modern cylinder you're looking at roughly 20p per day (providing you're not drawing off hot water and replacing it with cold water). Sadly your standing charge will be more than that - you try to do the right thing and turn the boiler off, but still have to pay.
The most common reasons for a big jump in your electric bill include changes in your lifestyle, increased usage of energy-hungry appliances, and sudden weather changes.
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.
High electric bills often come from using outdated or inefficient appliances around your home. Your utility itself could also be a factor – you may have been moved to a different pricing schedule or had an overall rate increase.
If you want to test how much power your appliances and devices are using in standby mode, you can buy an electricity usage monitor device. These devices allow you to plug in various tech or appliances and check how much power they're actually using, even in standby mode.
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. A dripping faucet; a faucet drip can waste 20 gallons or more of water a day.
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.
The frequent use of your water heater directly affects your monthly utility bills. Your water heater can account for almost 20% of the energy used for a home with a tank water heater. If your water heater is taking longer to heat the water, that means you'll spend more on your monthly energy bills.
A 50-gallon electric heater costs $2.69/hour, while a 50-gallon gas heater costs only $1.18/hour.