Many myths are surrounding the idea of saving money on your water heater, and more specifically whether or not reducing the water temperature will save you money. Here is a list of some of those myths and whether or not there is any truth in them.
Myth No. 1: It’s best if you leave the hot water heater all day.
This is a widespread myth, but you actually do not need to be heating your water all the time. As long as your tank has an insulating jacket, your water will remain hot all day. By not having the hot water heater on all day, you are saving energy and money.
Myth No. 2: A new water heater will offer you substantial savings.
You may save about $6.00 a month in energy costs when replacing an old heater with a new one, but those savings don’t take into account the overall price of purchasing a new hot water heater.
Myth No. 3: Older water heaters do not meet safety standards.
When the heater was installed, it was installed under the guidance of the regulations then. If you’re worried about it not covering the current safety standards, get it checked out.
Myth No. 4: Older water heaters lead to dirty water.
Water heaters are designed to withstand any build-up. If however, you notice a rusty color to your water, or if it takes longer than usual to heat up water, get it checked out.
It’s important to sort through all of these myths and misconceptions before going through with some of them. Sometimes the things that are said to save you money will actually cost you more money than you wanted to spend or just won’t save you any money at all.
Knowing the myths and facts about your water heater and how it will work more effectively for you, will help you save money. There might be no need to replace an older water heater as long as it’s working properly.