Ed Yung, P.E. writes:
I used an electric hot water heater for years and turned it on when the alarm rang. I had plenty of hot water for a shower after I finished shaving. A house fire forced us to live in an apartment with a gas water heater. When the pilot light failed (as it often did), it took two hours to have enough hot water for a shower. Most of the heat went up the stack.
A major contradiction of the laws of thermodynamics has been proclaimed by the emedia - and even some misguided experts. They say to leave HVAC on when away to save money; however, when it is off, the delta "T" decreases. Consequently, the heat loss (or gain; it depends on season) decreases and thus the overall HVAC bill decreases. We are rarely uncomfortable, or wait 1/2 hour for the house and contents to reach equilibrium. In our all-electric home, we spend 30% of what most friends do on HVAC. Part of that is that we do not waste it. The other part is our R36 Rastra (modern concrete composite) home. Other homes are smaller or similarly sized.
My parents spent half as much to heat their slightly smaller home in Missouri, using resistance-type electric heat as we did. At that time, we used gas in the Houston area. Most gas heat goes out the stack. Power plants consume nearly all of the heat they use to fire their boilers.
Ed Yung, PE