If your water heater's insulation R-value is below an R-24 or it’s warm to the touch, consider insulating it with a Water Heater Tank Wrap. Adding to your water heater insulation can reduce standby heat losses by 25%–45% saving you around 4%–9% in water heating costs. This Water Heater Tank Wrap has white vinyl-facing and is made from appliance grade fiberglass insulation. Includes specially formulated adhesive tape and easy to follow instructions. This energy saving product is one of the best insulation values for every home. Meets and exceeds U.S. Department of Energy Standards.
Water heating costs can also be reduced by installing water efficient showerheads, faucet aerators and by simply lowering your hot water heaters temperature setting. For each 10ºF reduction in water temperature, you can save between 3%–5% in energy costs. Most households usually only require a 120ºF setting.