We had an electric water heater for years, and a timer made a big difference. When we switched to a gas water heater, we got one with electronic ignition, so it was easy to use an inexpensive plug in tiimer for it, too--actually used a cheaper timer than for the electric heater, as it only has to control a low amperage ignition circuit. It would be a bit harder to do on some gas water heaters that have pilot lights---now that I think about it a bit, I'm not sure what you could do for a timer on a water heater with a pilot light. Certainly not easy or cheap. But that is why we didn't get one with a pilot light as I knew we wanted to put it on a timer.
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