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Is turning off an electric hot water heater a good idea to save money?

It depends. If the water heater is not in use for an extended period, such as during a vacation, turning it off can save energy and money. However, if the water heater is turned off and on frequently, it can actually use more energy and cost more money in the long run. Additionally, some electric hot water heaters have timers that allow you to control when the water is heated, which can be more efficient than turning the water heater off and on manually.