Insulate your pipes and water heater:

Take action: Insulate the first several feet of the hot and cold water lines as well as the storage tank.

Benefits: Insulation lowers heat loss, requiring less energy from the water heater to keep the water hot.

Repair leaks and install fixtures with low flow rates:
Take action: Fix any leaks and think about installing low-flow faucets and showerheads.

Benefits: You can save energy by using less hot water, which lessens the strain on your water heater.

Consider a Water Heater Without a Tank:
Take action: Determine whether installing a tankless (on-demand) water heater is feasible.

Benefits: Tankless heaters can save between $70 and $80 a year by removing the standby heat loss that storage water heaters cause.

Your electricity bill can be significantly reduced by putting these suggestions into practice. Combining these tactics improves overall energy efficiency and eventually results in significant cost savings, even if individual outcomes may differ.