Well if you look at a 50 year old gas water heater, and then a new version, you'll notice the insulation is about twice a thick on the newer model. That translates directly into less heat loss and better energy efficiency. There are probably other advances regarding venting of exhaust gasses. And then there are the on demand models that only heat the water as it is being used.
I addressed the energy efficiency issue on the 40 year old 50 gallon water heater here by wrapping an extra inch of insulation around it.
There are lots of marketing ploys with regard to energy efficiency. For example, my new neighbor recently replaced all the windows on his house with double pane numbers. He said it set him back about $50k. Yikes. But he still says parts of the house are hard to heat.
I researched the whole home heating issue about 15 years ago. The materials I reviewed pointed out that windows comprise only a small fraction of the total living space envelope. So I made sure the aluminum slider windows all got new felts (they rattled in the wind!). And then I insulated the attic floor and under the living space floor with fibreglass, to about R-25. I also wrapped all the forced air heating ductwork, including the air return, with at least 1" insulation. I also made sure that any air leaks from the living space to the attic were sealed off. The end result is that it slashed my heating bills in half, at least.
I addressed the energy efficiency issue on the 40 year old 50 gallon water heater here by wrapping an extra inch of insulation around it.
There are lots of marketing ploys with regard to energy efficiency. For example, my new neighbor recently replaced all the windows on his house with double pane numbers. He said it set him back about $50k. Yikes. But he still says parts of the house are hard to heat.
I researched the whole home heating issue about 15 years ago. The materials I reviewed pointed out that windows comprise only a small fraction of the total living space envelope. So I made sure the aluminum slider windows all got new felts (they rattled in the wind!). And then I insulated the attic floor and under the living space floor with fibreglass, to about R-25. I also wrapped all the forced air heating ductwork, including the air return, with at least 1" insulation. I also made sure that any air leaks from the living space to the attic were sealed off. The end result is that it slashed my heating bills in half, at least.