It’s not hard to see why.
With everything adding up, it makes you wonder how you might save money on water heating.
The quick fixes are running less hot water andsetting the temperature of your water heatera bit lower.
However, finding the right balance between conserving your utilities and being comfortable can be difficult.
Another option is upgrading yourwater heater, especially if your current one is on its last legs.
However, there are strategies to save money on the upgrade.
Some models will even produce enough savings to pay for themselves injust a few years.
Also, seize the significant up-front savings from federal, state and local tax credits.
This is not only a smart choice but also an eco-friendly one.
Read on to let us help you maximize your savings on a new, energy-efficient water heater.
Electric tank water heaterscan heat water using electric resistance coils.
These models are generally easier to install and maintain but may have higher operating costs compared with gas.
A tankless heater is more energy efficient as it heats water on demand.
They are also more space efficient but are typically more expensive upfront," he said.
you’re able to think of them asoperating like a refrigerator in reverse.
This method makes them highly efficient and they can reduce energy costs significantly, especially in moderate climates.
They provide hot water directly where it is being used, heating the water quickly.
Most of the time, these systems are used to supplement larger systems.
Qualifying heat pumps must meet or exceed theConsortium for Energy Efficiency’s highest efficiency tier.
Credits are claimable for home improvements made through 2032.
Check your utility company’s website as well for any rebates and incentives offered for energy-efficient appliances.
Other rebates authorized and funded by the IRA are implemented by individual states.
To see if your state has opened up applications for rebates, check outthis database from the DOE.
