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Gas water heaters are in about 60 million homes, and electric water heaters are in around 45 million. That amounts to a lot of money spent each year on hot water costs. At Speedy Water Heaters, we want to help you save money.

There are many things you can do. Some of the bigger money-saving options include converting over to solar-powered water heaters or you can install an “on-demand” water heater for upwards of 30% in efficiency savings.

Beyond these huge changes, you can also find savings by simply trimming costs in several ways. Here are 5 ideas to save on hot water heater consumption costs.

1. Swap Out Your Showerhead

Fill a bucket in your shower. If it takes less than 20 seconds to reach 1 gallon, install a low-flow showerhead. You’ll save both heat and water. These are very inexpensive and can save you a lot of money over time. You can find them at any Lowes or Home Depot.

2. Save Money While You Sleep

Since you aren’t always awake or at home, install a timer on your electric water heater that turns it off while you’re asleep or keeps it off during peak hours — especially if you sign up for time-of-use pricing.

3. Change Washing Machine Settings

Do you always wash your clothes in “hot”? Consider washing your clothes in cold or warm settings, rather than hot. This will save you money and even make your clothes last longer, with less fading and shrinking. Coldwater works fine, and cold-water detergents help.

4. Fix Leaky Faucets

One drop per second adds up to a dollar a month on the heating bill. Faucet kits, cartridges, and washers are simple to install.

5. Take Showers Instead of Baths

​A 5-minute shower with a slow flow showerhead only uses 10 gallons of hot water. That’s half as much as a bath.