The cheapest way to heat water is the use of a natural gas water heater or propane water heater.
As for electric water heaters the cheapest and most efficient way of heating the water is to use a heat pump water heater.
The most efficient way to heat water is to use a heat pump water heater.
Heat pump water heaters are the most efficient way of heating water as they extract the heat from the surrounding air, so they require a lot less electricity to heat the water when compared to regular heating element water heaters.
Normal electric water heaters use resistant heating elements to heat the water and is less efficient.
High efficiency electric water heaters are worth it, especially the heat pump water heaters.
High efficiency electric water heaters cost more upfront but they can save you money in energy costs over the long term.
The high efficiency electric water heaters are also pretty low in maintenance, easy to install and tend to last a long time.
The savings in energy costs over the life of the high efficiency electric water heater can be substantial which can make it worth it.
Heat pump water heaters also use electricity to move heat instead of generating heat, which makes them 2 to 3 times more energy efficient than the traditional electric resistant water heaters.
Lower energy consumption of the high efficiency electric water heaters also lead to reduced carbon emissions and a smaller environmental footprint.
Even smart water heaters are worth it, especially if you live in areas with high costs of utilities.
Smart water heaters are worth it when you need to prioritize energy efficiency and want better control over your hot water usage.
And if you're looking to save money on utility bills it can make the smart water heater a great option for you.
If you have inconsistent hot water needs or you're on a time of use electricity plan it can also be worth it to have a smart water heater.
Although the value of the smart water heater and whether or not it's gonna be worth it for you will depend on your individual and specific usage patterns as well as the features that are offered by the smart water heater.
Smart water heaters have the ability to optimize the heating cycles of the water based on your hot water usage patterns and can lead to reduced energy consumption and as a result lower energy bills.
You can also manage the smart water heater through settings in an app from your phone which also allows you to adjust the water temperature and even schedule the hot water usage as you need it.
Some smart water heaters also have leak detection features that can alert you of any potential leaks and plumbing issues which can also make the smart water heater worth it.
Some models of smart water heaters also automatically cycle to a higher temperature periodically to prevent growth of bacteria in the water.
And if your utility company has time of use rates, the smart water heater can also adjust the heating times to take advantage of any lower electricity costs.
However smart water heaters often cost more than traditional water heaters so you may or may not save any money in the long term depending on your utility costs.
Most smart water heaters can save you an average of $30.00 to $50.00 annually on your utility bills and some can save you more.