The Best Ways to Reduce Hot Water Costs

Hot Water Costs

When it comes to equipping a home with modern amenities, hot water systems are usually a top priority. At a time where energy wastage hurts homeowners’ wallets considerably, however, what can be done to circumvent excessive hot water costs?

Fortunately, there are now numerous ways in which individuals can keep energy bills on the lower end.

From opting for renewable energy solutions such as solar hot water systems to installing cost-effective shower fixtures, our blog this week dives into all the ways in which hot water costs can be reduced.

Continue reading for more of the best tips!

  • Install a solar hot water system

Among the many ways in which hot water costs can be reduced, opting for renewable energy systems is easily the most effective method.

In this regard, by fitting solar hot water systems in their properties, homeowners can not just take luxuriously warm showers, but also enjoy next to ZERO hot water costs.

With the option of choosing between roof-based systems and ground-mounted alternatives, individuals have the freedom to install systems that meet a variety of needs. If you’re unsure of how to choose the ideal solar hot water system for your home, however, our blog on this subject is likely to prove rather useful.

  • Take showers instead of baths

While taking a gloriously hot bubble bath may be the epitome of luxurious living for some, this is one of the easiest ways to incur eye-watering electricity bills.

While it may seem like a trivial concern, even a bathtub that’s not filled up all the way takes up more water than a quick and efficient shower. For homeowners who wish to be practical about hot water usage, therefore, quick showers are the way to go.

  • Lower the temperature on hot water systems

Another effective way in which individuals can combat excessive hot water costs is to lower the temperature on their hot water systems.

It is estimated that for every 10ºF reduction in temperature, users can expect to enjoy between 3%–5% of savings on hot water costs. In this regard, the ideal water temperature is somewhere around 120°F.

  • Fix water leaks

While it’s easy to disregard hot water leaks as a trivial wastage, leaks that amount to one drip per second can cost around a dollar each month.

At 60 drops per minute, that can total a wastage of 8.64 gallons per day, 259 gallons per month, and a whopping 3,153 gallons per year!

  • Insulate hot water storage tanks

Another way in which individuals can cut back on hot water costs is through the effective insulation of their hot water storage tanks.

For those with electric tanks, care must be taken to ensure that the thermostat on the unit remains uncovered. In terms of natural gas or oil hot water storage facilities, the top, bottom, thermostat or burner compartment must remain uncovered.

  • Upgrade your household appliances

In the process of becoming more energy-efficient, upgrading equipment such as washing machines and water heaters can prove to be highly effective.

In terms of the former, replacing a washer that’s over 10 years old can save homeowners over $100 per year! With respect to new water heaters, conventional storage units aren’t the only options on the market. By taking a look at alternatives, buyers may find units that are more appropriate for their needs, reducing the money spent on unnecessary upgrades.

  • Install low-flow fixtures

Another effective way in which hot water costs can be reduced is through the installation of low-flow fixtures. This is because outdated showerheads and faucets are likely to use twice as much water as newer models.

It is, therefore, imperative for energy-conscious homeowners to install low-flow fixtures that reduce the amount of hot water being wasted. In this regard, even the most basic options can offer considerable savings.

Key takeaways

For homeowners who are proactive about lowering hot water costs, following the tips set out above are likely to prove highly effective.

Among these, opting for solar hot water systems usually represent an important first step in the right direction. With the power of renewable energy behind a cost reduction strategy, there’s little that can go wrong.

Keen to cut down on hot water costs?

Contact Earthsave today for powerful solar hot water systems that can slash hot water costs unlike anything else on the market!

 

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