The problem with nuclear fusion, providing that we're thinking fusion reactors, and not stellar fusion, is that you can't really use the proton-proton reactions there(i.e. can't just use regular hydrogen obtained from simple water electrolysis).
The transmutation of one of the protons into a neutron, to form a deuterium nucleus, is extremaly unlikely, and would be thus unfeasinble for the artificial energy generation. We're talking once-in-billions of years event for any given pair of protons. The only reason why it works in the stellar core, is because there's so many protons out there.
In your reactor, you don't want to have to deal with the weak interaction, which is responsible for just that, and rather have particles like deuterium, tritium and helium-3, lithium-7, or berylium-11 with 'ready-made' neutrons within.
Also, it's by no means a 'clean' energy source. Or at least, not unless you'll settle for fusing only He-3 together, and berylium/lithium+proton as a side reaction - but then you'll have to think of some way of getting your fuel at all, as He-3 is extra rare on Earth, meaning extra expensive. Some people suggested that there might be more He-3 on the far side of the Moon, but getting it from there is another daunting obstacle to surmount.(nota bene, the film "Moon" has such an operation as a setting for it's plot. Great movie, too)
What I mean by fusion not being clean, is that, providing you're extracting deuterium from the water to fuel your reactions(which is not that easy either, I bet), and not flying to the Moon, it produces far more free neutrons than fission does, per unit of energy generated. Neutrons cannot be contained by a magnetic field, so they will inevitably irradiate the reactor, which after some time will have to be stored away in the same way as we're doing it today with nuclear waste. Not to mention that a completely new one will have to be built in it's place.
Also, there's an option of manufacturing He-3 from tritium decay, but is not only uneconomical, but also involves emission of neutrons, causing further problems with the cleanliness of this energy source.
This is not to say that fusion is completely unfeasible as an energy source. It's just that due to those additional dificulties mentioned above, it's way, way more distant than what you might think when you read about some scientist bragging about their working reactors.
tl; dr;
Fusion technology will not let you turn your tap water into energy.