Posted by Aol.Finance
Did you know your water heater may be draining your savings dry? Here’s why.
A poorly insulated water heater can cost you up to 10 percent more on your energy bill, which for some could be up to $10 a month. However, if you invest in a water heater blanket, you can keep the heat, and your savings, from escaping.
To test if you would benefit from a water heater blanket, simply put your hand on the heater. If it’s warm to the touch, it’s time to insulate.
A water heater blanket can cost as little as $20 and, depending on your bill, it could start paying for itself in just two months. So remember, using a water heater blanket can keep the heat up while bringing your costs down.