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On average, if you have an electric water heater, 30% of your electric bill is the cost of heating your water. This means that if your electric bill is $200, then your hot water bill is around $66 every month, and around $792 per year. With inflation of about 5% annually, your next year water heating bill will be $832 and so forth every year.
There is a logical question: How do I stop it?
The answer is: You can use free energy provided to you by the SUN!

(Solar thermal collectors mounted on walls)
Solar Hot Water Systems are systems that convert the energy of solar rays into thermal energy to heat your hot water. These systems can provide up to 90% of all hot water demand. Solar thermal systems are also among the most efficient solar energy systems with efficiency exceeding 30%. Yes, it does sound low, but compare it to a regular internal combustion engine in a modern car that is only about 20% efficient. It took over 100 years to develop this kind of engine, and this engine also creates a lot of pollution.
Learn more about solar thermal systems: How solar thermal systems work>>> Thermal systems components>>>
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