Heating water can cost you a lot on your electric bill. It takes a lot of energy. There are ways to save, though. You can get a tankless water heater instead of the older kind which has a tank. If you want to save energy you can get one of these installed. It will be better for the environment as well since creating electricity takes natural resources in many cases, and these are not always sustainable.
Read more: Tankless Water Heaters & Saving Money on Your Water Heater Bills