I found a very interesting article here that discusses water heaters and provides an excellent formula for calculating water heater oprating costs.
For me, this was most useful in comparing the benefits of water heaters with various efficiencies.
The most interesting note was that the Lowes eSmart line of Whirlpool water heaters is more efficient, but the efficieny is not a significant monthly savings.
Regards,
makingourway
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