I have been in my new home for only a few months now and have been trying to cut heat loss and energy consumption by adding insulation to the basemant, replacing vents with better ones, etcIf my water heater feels cool to the touch, should I put more insulation around it or is it a waist of money? There is 1 inch rigid pink insulation under the heater, which is good, but if I can help it more i will.
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If your goal is saving energy, then yes, purchase an after-market insulating blanket for the heaterIt will make a differenceAnother thing you can do is slightly lower the temperature of the heaterExperimentYours may have actual number designations, or something like a Normal setting, with room to move the setting higher or lowerTry positioning the dial slightly below Normal Heaters vary, but if you are heating water to say 115 or 120, then cooling it down to 105, then you are wasting energyHuman skin burns at 106, so there is no need to have it any hotter then that, anywayDishwashers will heat their own water to their washing temperature required for the machineWeatherstripping around all doors and windows is also very important If your basement has a ceiling (the underside of your upstairs floors) you can either remove the existing ceiling drywall and put in insulation if there is none, or do just that, add insulation, then a ceiling of drywallThat will greatly help with your home heating costs And, don't forget the attic insulationMost heat loss transfers through the ceiling/roof of a house (after windows) If your windows are older, single pane type, consider replacing them with modern dual-paneThat money invested will translate into huge energy savings - and a quiter homeGood Luck Mike