Where do your energy dollars go? When thinking about all the energy systems/appliances you use around your home, you might be tempted to think ones like lights, dishwashers, cooking appliances,
refrigerators, and heating and cooling systems are the most costly to operate. In fact, though, for many residential customers, water heaters can be—by far—the greatest energy-consuming and most costly
of all. The chart below shows how much energy typical electric appliances use per year and their corresponding costs (based on average national energy prices).
Like most appliances, water heaters have improved greatly in recent years. Today's models are much more energy-efficient and will save energy each month compared to units commonly installed several years ago.
The CWLP Energy Experts advise you to consider more than just the initial purchase price when you buy a new water heater. Think about how much it will cost to operate over the years. By buying a more energy-efficient unit,
you could save hundreds of dollars in the long run. The bright yellow and black Energy Guide Labels manufacturers are required to place on all appliances will help you compare the energy efficiency of various units, so be sure to pay attention to them.
The Energy Guide Label provides information about how much energy a specific appliance will consume compared with similar models and what that energy usage can be expected to cost (based on average national energy prices).
Keep in mind, the cost numbers given on the Energy Guide Label are estimates. Your actual cost can differ depending on your utility rates and how you use the appliance. The Energy Guide Label provides five important pieces of information:
- Who made the appliance and what is its model number and size?
- What is the estimated yearly operating cost (based on the national average cost of electricity) and the range of operating costs for similar models?
- If the ENERGY STAR® logo is displayed, you'll know this model meets strict criteria for energy efficiency.
- What is this unit's estimated yearly electricity consumption?
- What are the key features of this appliance and the similar models that make up the cost comparison range?