I just started thinking about getting an electric water heater timer for my
3 year old 30 gallon water heater. I checked some of the reviews for the
Intermatic timers and it looks like everybody loves them and they say they
practically get their $40 bucks back each month.

Are timers all they seem to be cracked up to be and will turning off the
water heater from 10 PM to 8 AM really save a family of 4 a big chunk of
change each month?