Money Saved: $50
Energy Saved: 1100 lbs CO2
Most people are unaware that hot water heaters are a major source of energy waste in old homes. Most homes (especially older homes) are usually equipped with outdated water heaters that use far more energy than a newer, more efficient one. But if you’re hesitating about investing in a new water heater, there are still some things that you can do to reduce energy waste and save money. Adding insulation to your water heater can reduce standby heat losses by 25%–45%. This will save you around 4%–9% in water heating costs. During your home energy assessment, your energy expert will advise you on whether your tank needs to be insulated and can recommend how best to complete the project.