Manager’s Message

Tap Into Water Heating Savings

If your home is like most, you and your family use about 64 gallons of water each day. If your water heater is electric, that probably accounts for about 18% of your power bill.

That makes your water heater the second-largest energy expense in your home. Why not use less electricity to heat it?

Today’s high-efficiency water heaters use much less energy than older models, so you don’t need to give up comfort for energy savings. That’s good news for your power bill.

There is a newer option to consider: an electric heat pump water heater. These units give you the hot water you need by pulling heat from the surrounding air to heat the water—like a refrigerator in reverse. Because they do not directly produce heat, electric heat pump water heaters are two to three times more energy efficient than standard units.

According to the U.S. Department of Energy, a family of four can save about $550 a year on water heating costs, which adds up to $5,610 over the lifetime of the unit.

A heat pump water heater may cost a bit more upfront than other models. However, according to the DOE, most people see a payback in less than three years due to the unit’s lower operating costs and energy savings. Look for the Energy Star label when shopping for a water heater.

Check with your utility to see if a rebate is available to help you make the switch.

Tankless electric water heaters are another option, but carefully weigh the benefits and drawbacks. These smaller units quickly heat water to provide it when called upon, but can use eight times more electricity than a standard water heater.

This high demand increases your utility’s cost of purchased power, which plays an important role in how much you pay for electricity. In some cases, people who use electric tankless water heaters must upgrade their home’s wiring to support the greater demand for electricity.

Other ways to lower your energy costs include setting your water heater’s thermostat to no higher than 120 degrees, fixing leaks, installing low-flow fixtures, and using energy-efficient dishwashers and washing machines.

Helping you save energy and money is another way Ohop Mutual is always here for you.