How you can reduce your hot water energy bills
Victorian residents are taking advantage of new government rebates by upgrading their outdated hot water systems to more energy-efficient electric heat pumps. This modern alternative uses electricity to transfer heat from the surrounding air or ground, making it up to 65% more efficient than traditional gas hot water systems.
You could be eligible for a government rebates – use our eligibility calculator below
One of the primary benefits of switching to a heat pump is its impressive efficiency. According to the Australian government’s Energy Rating website, heat pumps can be up to three times more efficient than gas hot water systems. This means you can save money on your energy bills while also reducing your carbon footprint.
In fact, Sustainability Victoria’s Hot Water Running Costs 2020* estimates that running a gas hot water system costs approximately $410 annually, while an electric heat pump system costs only $180 per year and with gas prices on a steady rise, this saving can increase each year. That translates to a savings of $230 per year, with the added bonus of being better for the environment.
The environmental impact compared to gas hot water systems is significantly lower, as they don’t rely on burning fossil fuels and produce fewer greenhouse gas emissions. They can even be powered by renewable energy sources like solar or wind power.
If you’re considering upgrading to a heat pump hot water system, there’s never been a better time to do it thanks to the new government rebates available in Victoria. Eligible households can now receive multiple rebates to help offset the cost of system upgrades amounting to $3000 provided they’re replacing an existing gas or electric hot water system.
The rebates are available on a first-come, first-served basis and only while funding lasts. If you’re interested in making the switch, now is the time to act and take advantage of these cost-saving and environmentally friendly incentives.
*Data sourced from Sustainability Victoria’s Hot Water Running Costs 2020 and compares running costs of a 5.5-star gas storage system to a high-efficiency hot water pump on off-peak tariff.
Government Eligibility Calculator
Please complete the following questionnaire, and we will get in touch with you to provide a personalised quote regarding the government rebates you may be eligible for, as well as an estimated cost for installing a new heat pump.