BobRip
Elite Member
It will save you money, but not a lot and it adds inconvenience. Ronmar's analysis was pretty good. However if you can time it so that the power is turned off before it fully reheats from your showers then you will save a little more since the average water temperature in the tank is lower and loss will be lower.
Definitely insulate the pipes, both the hot and cold. Touch the cold pipe when you have not run any hot water for a while and you will see that it is hot. You are paying for this loss. Also insulate the tank. I have a Marathon hot water heater and it has foam insulation. Also a life time tank warranty. It will hold the heat much better.
Losses to a heating space do add heat, but if you have a heat pump then it will heat 2 to 4 times more efficiently. Also the heat loss in the summer will add to your air conditioning bill.
I have used a timer for 20 years and finally disabled it because of the inconvenience and the Marathon water heater.
Definitely insulate the pipes, both the hot and cold. Touch the cold pipe when you have not run any hot water for a while and you will see that it is hot. You are paying for this loss. Also insulate the tank. I have a Marathon hot water heater and it has foam insulation. Also a life time tank warranty. It will hold the heat much better.
Losses to a heating space do add heat, but if you have a heat pump then it will heat 2 to 4 times more efficiently. Also the heat loss in the summer will add to your air conditioning bill.
I have used a timer for 20 years and finally disabled it because of the inconvenience and the Marathon water heater.