On average, water consumption takes around 27% of monthly energy bills in Australian households. The average cost for a new hot water system installations is between $1,000 to $9,000*.
What’s the differences with hot water systems?
The most common type of hot water systems around Australia has been the gas-powered ones. Many homeowners are opting out of that system on account of rising prices and sustainability.
New systems started getting developed and are now being installed in several new constructions. Electric-powered systems are emerging as a popular option to replace gas hot water systems.
What are the main types of hot water systems that’s being used?
Gas-Powered Hot Water Systems
One of the most popular types of installations in Australia, the gas-powered systems use natural gas to heat the water in housing constructions. They utilise a continuous flow type of heating that prevents the residents from running out of hot water.
Gas hot water systems are generally more expensive to install than other types of systems. The average price of gas systems ranges between $1,500 to $3,000.
However, their cost over time can prove to be more economic as natural gas is slightly cheaper than electricity.
Electric-Powered Hot Water Systems
Another very efficient type of hot water system is the electric powered one. Almost half of Australian households use this system due to its low installation price. Their typical cost of installation ranges from $1,000 to $2,000.
They work a bit differently than gas hot water systems, as they heat the water using an element. That means the hot water is usually stored in an insulated tank for use in the household.
Although the installation price is lower than other systems, electric hot water systems can cost more per month than others. It all depends on the water consumption levels and house sizes.
Solar-Powered Hot Water Systems
Solar hot water systems are the best options on the market for long-term energy savings. This system utilises the sunlight to heat the water. It uses the solar collectors installed on the roof to absorb the sunlight and heat the water in a storage tank.
It is by far the most eco-friendly option of hot water systems available currently. On the other hand, it is also among the most expensive ones to install, ranging from $4,000 to $8,000.
Heat Pump Hot Water Systems
Finally, the heat pump hot water systems are considered the most efficient ones to run over time. One unit of this heat pump system has a cost range from $2,500 to $5,500.
Although expensive to install, these systems use only around 30% of the energy conventional electric hot water systems use.
They can use a refrigeration system that cycle to extract heat from the air and use it to heat water. The only thing to keep in mind is that the heat pump system can be noisy, like an air conditioning system.
Choosing the best heater system
Many homeowners in Australia are now shifting from gas-powered hot water systems mostly into electric and heat pump systems. That is due to the fact these new technologies offer both financial and environmental benefits.
However, when it comes to choosing the right type of hot water system, it is necessary to consider a few factors. For instance, a household with high water consumption is more likely to benefit more from gas hot water systems.
They can heat water faster and be more energy-efficient in those cases.
On the other hand, electric-powered systems are a better option if you have solar panels installed, for example. They’re also less expensive to install.
In conclusion, installing a new hot water system will depend highly on the individual circumstances of each house. Get in touch with us to learn more.
| System Type | Install Only | Supply Only | Supply & Install |
|---|---|---|---|
| Solar Hot Water | From A$550 | From A$2,350 | From A$2,900 |
| Electric Hot Water | From A$450 | From A$899 | From A$1,249 |
| Gas Hot Water | From A$350 | From A$899 | From A$1,150 |
| Heat Pump Hot Water | From A$450 | From A$2,099 | From A$2,550 |
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