Whether you are buying a new tankless hot water heater or continuing with your conventional storage water heater, the idea is to reduce the consumption of energy. Even if you are unwilling to replace your water heater with a new energy efficient model, you can still save water, energy and cost.

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Water heaters are available in all types and sizes. This include natural gas, propane, oil, electric, tankless and solar models. In all these cases, cost and operating costs are different. Among the types, tankless ater heater models are considered the most economical in terms of operational cost, but costlier 2 to 3 times as much as a standard water heater in initial cost.

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Whatever may be the type of water heaters, there are certain things which will remain typical in terms of how you can lower your operating costs. Let's examine a simple way how you can do this.

The main complaint about conventional storage water heater is that they lose energy while storing hot water, though not in use. This is known as stand by cost. The lose of energy takes place through the walls of the tank if they are not well insulated. The fact is you can reduce this standby cost by about 25% to 50% and thereby save as much as 4% to 9% of your energy bill. The simple remedy is just put a sweater, a blanket or a jacket on the tank.

It is usual that older conventional storage water heater have very poor tank insulation. Now, how to test if your tank can be insulated by covering with a jacket. Just touch the tank , it should not feel warm. If it does, then it means the tank is not well insulated. You can solve this problem by covering the tank with a blanket with an R-5 to R-10 rating. And you will start seeing a welcome difference in your energy bill next time.

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