You know that turning off the lights when you’re not in the room will ultimately save you money on your monthly bills. One savings area you’re probably not thinking about? Your water heater. (We know, sexy.)
This oft-ignored essential is actually the second highest energy sucker in the home. (Heating water accounts for around 18 percent of your utility bill!) Planning to upgrade your model? Yeah, it’ll save you big time in the long run.
To get granular, HomeAdvisor expert Dan DiClerico says that replacing an old unit with a high-efficiency model can actually save you $300 a year (or more) depending on household size and how much hot water you use collectively.