If I have a lot of insulation around my water heater, will a timer do me any good? With a very slow rate of heat loss in standby (where supposedly the greatest amount of energy is used), am I gaining anything by putting the heater on a timer?
In other words, is it possible that with additional insulation the temp drop could be minimized to the point that the themostat would kick on the elements at the same time that the timer would if it were installed?
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