I would like place my electric hot water heater on a timer is this possible. If so what type of timer would be looking for.

Something like this Intermatic WH40 Electric Water Heater Timer Single Pole 240V 40A would do the trick.

HD and Lowe's sell a timer for a 240V HW heater. I will assume it is 240 not 220. I use one in a vacation home and it works well.