Paying too much on your energy bills? Here’s how you could save up to 78% on your hot water bill with a government subsidised hot water heat pump.
With the rising cost of energy, Sydney families are looking for any and every way to lower their power bills.
Most people are surprised to learn that hot water is the second largest energy cost in the average household. It accounts for around a quarter of your total energy cost.
That’s where hot water heat pumps come in.
What is a Hot Water Heat Pump?
Put simply, this is the same technology that’s used in a split system air conditioner. But instead of heating air, it’s heating water.
These systems work much more efficiently than traditional gas or electric hot water systems. Hence the fact that people can save so much energy using them.
To put it in perspective, the ACT government carried out a study that showed the average 4-person household can pay back the cost of installing a new hot water heat pump in under 4 years.
This means that from the minute you install a hot water heat pump, it starts saving you money. Within 4 years, it’s saved more money than you would have spent on keeping your old system running. And from that point on, you’re ahead on the deal.
Now that’s a pretty good investment! Little wonder then that thousands of Aussie families are jumping on the hot water heat pump bandwagon and applying for an upgrade.
Find out how much it would cost to upgrade your home to a hot water water heat pump.
But here’s where the potential savings get even more interesting…
Types of Hot Water Heat Pump
There are a couple of options when it comes to the design and placement of your hot water heat pump.
- “Integrated” or all-in-one heat pumps means the system is contained in a single unit. These are a good option if you’re low on space.
- Split systems are where the tank and compressor are separate, similar to a split system air conditioner.
Which is better? It depends on your priorities. Split systems are more efficient than all-in-one-systems, but they take up more space and are more expensive to purchase and install.
Government Incentives Help Offset the Purchase/Install Cost
Because heat pumps are better for the environment and put less strain on our energy infrastructure, state and federal governments are handing out incentives to switch over.
Most Aussie states have some form of rebate, and the ACT has 10-year interest free loans that can be used on a heat pump hot water system.
These rebates are predicted to drop over time though, so if you are keen to take advantage of this technology, it’s better to get in sooner rather than later.
A reputable installer will usually take care of the rebate for you so you don’t have to worry about all the paperwork.
Apart from the obvious savings and rebates when upgrading a hot water heat pump, there are also some other benefits:
- Better for the environment – because most systems use less energy and C02 instead of harmful refrigerants, they have a smaller carbon footprint and are better for the environment
- Faster reheat times – a good quality heat pump will get your hot water up to a usable temperature quicker than your old inefficient system, which means no more cold showers!
- Easy to install – Hot water heat pumps will, in most cases, be quick and easy to install because they use the same infrastructure as your old system.
Tips on Choosing a Hot Water Heat Pump
If you’re keen to make the switch to a hot water heat pump, there isn’t much effort required on your part.
A good installer and supplier will ask you some questions about your existing system and will then provide options for installing the best heat pump based on your needs.
In most cases they’ll also help you to claim any eligible rebates based on your circumstances, so you can forget about the hassle of filling in mountains of paperwork.
One piece of important advice though: be careful of “free” or cheap heat pump deals. These are often low quality units that break down soon, and you only get one rebate. So it can pay to invest a little more up front to ensure you get a good quality system installed by a reputable company.
The Simplest Way to Upgrade to a Heat Pump
At Heat Pump World, we take the guesswork out of upgrading your hot water system to an energy efficient heat pump.
Because we hand pick licensed local installers who supply high quality heat pumps, you can rest assured you’ll be in safe hands.
