But the heat came from electrical resistance heating (unless you've got a hybrid water heater or gas), which may be more expensive than that used to heat the home. We're probably talking pennies, though.If you live in a southern place it is a good idea, however if you live in a northern climate where you heat the house 7-8 months a year any heat loss from the tank to the house would just add to you home heating. in other words the heat is not lost.