Some home efficiency consultants will tell you to hire someone (i.e., the consultant) to insulate your pipes, but in most homes, it's actually quite a simple job. It only takes a few hours at most, and you’ll notice the change almost immediately. When you turn on the shower or faucet, you won’t have to wait as long for the water to heat up. Your electricity bill may decrease by only a few dollars per year, but those few dollars add up over time. Plus, you won't need to leave the water running as long before it heats up, so you could save on your water bill, too. Those benefits, combined with quicker access to hot water, make this little fix worth it.
You can also lower your energy costs by being aware of how much hot water you use, and attempt to use less. We recommend simple undertakings such as fixing leaky faucets, installing low-flow fixtures and using energy–efficient appliances throughout your home.