brazos bend state park How much money will a water heater timer save?
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Answer ... $6-$10 per winter month depending on price of electricity
and if you also reduce consumption.


1) Reducing consumption is best way to save. A timer rations hot water and consumption drops. Water consumption drops also.
Family chart for setting water heater timer

2) There are many other ways to save money, including a timer:  Read 9 ways to save with water heater
3) You can save additional $5-10 per month in future replacement costs by maintaining water heater  How to maintain water heater

4) If home does not have enough hot water, then timer is not best idea:  How to increase amount of hot water

General guideline for saving:
If state has peak electric pricing, then savings can be significant, depending on price and consumption pattern.  How to wire off peak timer
If state does not have peak pricing, then savings is achieved because scheduling hot water reduces consumption.
Gas water heater timer?  See gas water heater timers  Gas water heater timer research

Peak prices will affect savings and are primary reason for water heater timer.
There are many variables to measure and each home will be different.

Resource:
Off peak water heater strategies
Compare box timers
Control water heater with home automation etc
Family chart for setting water heater timer
240 volt Meter on water heater
I installed meter on my water heater 12-16-2011. Beginning reading 00005 Kwh
Meter reading on 5-30-18 showed 11732 Kwh
Usage over 6.41 years ... average 1827 Kwh per year x 14¢ = $255.8 per year = $21.32 per month for 2 people

Use Kwh hour meter to record usage of water heater.
This is most accurate way to determine what percentage of bill is going to water heater over a full month. Take only showers for a week see what it costs per shower vrs bath ... observe hot water usage for laundry etc.
To connect meter: Temporarily disconnect wires from top of heater. Install meter on two jumper wires. Use jumpers to temporarily reconnect power to water heater. Cover with tape to secure temporary connection. Add conduit and junction box if meter is to be installed for any length of time.
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Bomain power meter
Ketotek power meter
240 volt pass through Kwh  meter
2T2502GA beige plastic enclosure
2T2500GA grey plastic enclosure
din rails

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Enclosures
Figure volts amp watts for water heater
Savings result from using timer and reducing consumption:

How much money do I save? $6.88 in December during cold winter month, less savings during hot summer month.
Using timer: $24.37 per month during winter, less during summer,
Running water heater full time: $31.25 per month

There are many variables to measure and each home will be different.
When timer was off: Noticeably our usage increased as my wife discovered abundant hot water was available. I increased consumption too.
The timer actually caused us to consume less. So water heater ON full time caused us to use more hot water.
Other than cost of electricity, behavior is the biggest factor for cost of water heater

My water heater was manufactured pre-2015 energy standard, and has roughly 92% efficiency. Heaters made after April 2015 have .95 efficiency.
Heater has no insulation blanket and is installed inside unheated outdoor closet in southern US state with average year-round incoming water temperature 65°F.
Flat rate electricity @ 14 cents per Kwh. Two people in home. Washing machine uses cold water only. Hot is not used when using only cold.
Resource:
9 ways to save with water heater
Efficiency
Chart shows efficiency of electric water heaters by size and year of manufacture.
Energy factor is not efficiency. A small percent of tank volume is subtracted from EF to calculate efficiency.
As a result, smaller tanks can be more efficient, but with the additional insulation added to tanks manufactured after April 2015, the efficiency is same for 30-40-50 gallon heaters.

If you need larger heater, install two water heaters
Resource:
Two water heaters
Timer to control water heater.
Image shows timer installed at my home
Resources:
Control water heater with wall timer, countdown timer, home automation etc
Family chart for setting water heater timer

@.10 Kwh 3 hours a day @ $.10 per Kwh
5500 Watt tank = $49.50 per month + tax
4500 Watt tank = $40.50 per month
3500 Watt tank = $31.50 per month assuming low usage
1500 Watt tank = $13.50 per month
@.12 Kwh  3 hours a day @ $.12 per Kwh
    5500 Watt tank = $59.40 per month + tax
    4500 Watt tank = $48.60 per month
    3500 Watt tank = $37.80 per month assuming low usage
    1500 Watt tank = $16.20 per month
     Current gas water heater timer on market
The Aquanta wifi-controlled gas water heater timer interfaces with the COM port on WV series Honeywell gas valve for atmospheric heaters.
It does not interface with power vent Honeywell, but works with power vented heaters by connecting to incoming voltage.
This means the Aquanta works with both types of Honewell gas valves

Aquanta does not work with mechanical gas valves.

Buy:
Aquanta for gas water heaters
Aquanta for electric water heaters

Resource
Aquanta-gas-electric timer-Installation
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