Heating water uses about 21% of the energy in a typical Aussie home. Luckily, new technology has come along. Hot water heat pumps are a game changer! They’re energy-efficient and produce low emissions, which means they can save you a lot on your water heating bills.
Hot water heat pumps work similarly to refrigerators, but in reverse. Instead of pulling heat from inside a box and sending it into the surrounding room, they pull heat from the surrounding air and transfer it into a hot water cylinder to heat the water. The hot water is then stored in an insulated cylinder before being supplied to your home through pipes and valves. A thermostat controls the water temperature, allowing you to set your desired level in the heat pump hot water cylinder. This process is energy-efficient and helps reduce electricity costs.
Heat pump hot water systems can significantly reduce your energy bills. Without solar power, you can expect to pay around $185 annually for hot water heating. In comparison, a resistive electric hot water system costs about $820 per year, and a gas system costs around $400. Over the 15-year lifespan of a heat pump system, you could save between $6,300 and $9,220 on your hot water heating costs. Combining a heat pump with solar power can reduce your hot water heating bills to nearly zero. Regular maintenance and energy-saving strategies can help maximize these savings.
In the ACT, there are several government rebates and support programs available to help offset the cost of installing heat pump water heaters:
Moreover, the Federal Government’s Small-scale Renewable Energy Scheme (SRES) provides Small-scale Technology Certificates (STCs) for heat pump hot water systems, which can be exchanged for a rebate upon purchase. These incentives are aimed at making it more affordable for residents to switch to more efficient and environmentally friendly water heating solutions.
The cost of installing a heat pump hot water system ranges from $2,700 to $6,100 or more, depending on the unit you choose. Keep in mind that this is just an estimate, as the final price can vary based on several factors. Additionally, you may be eligible for government rebates to help with the cost. Talk to our specialists, who can recommend the best heat pump system for your household and assist you in applying for any available incentives.
Contact us at 1800-435-467 or via info@heliosenergy.com.au to schedule your free heat pumps assessment.