A heat pump hot water system is a very efficient electric storage tank water heater that utilises refrigerant and a compressor (just like that of an air conditioner operating in reverse mode) to transfer heat from the air and transfer it to water. As they do not burn gas or propane on-site, there is no on-site utilisation of fossil fuels and that is why they are generally considered to be a “green” appliance. Due to their eco-friendly characteristics, this appliance is among the most popular water heating systems.
A heat pump water heater functions quite like a refrigerator or air conditioner—only in reverse. It doesn't cool things; it captures heat from the air and transfers it to your water. Here is a simplified explanation:
Since the system is only moving heat and not producing it anew, it uses a lot less electricity—sometimes even a third of what a typical electric water heater uses. And in times of peak demand or severe cold weather, there is a supplemental electric heater that guarantees you still get plenty of hot water.
Heat pump water heaters are pricier than standard models. In Australia, a complete hot water heat pump installation of a standard size (around 170L–315L) typically costs between $2,500 and $5,500 (AUD). The actual price is determined by:
Not to mention, the typical cost of upgrading is around $4,150 (AUD) including federal rebates.
Despite higher up-front costs, these systems repay themselves in the long term by reducing electricity use for water heating by 60–75%. The typical house using around 150L of hot water per day would save around $800 annually. It is possible to recoup this excess expenditure in 3 to 5 years.
Also, when paired with residential solar panels, costs can drop dramatically, sometimes heating water for no net expense on sunny days. Finally, the overall energy savings and lower maintenance costs over a lifetime of 10 to 15 years or more generally outweigh the initial difference in costs.
In short, while heat pump water heaters are more costly to purchase up front, the large savings on energy bills and other advantages make them a good long-term investment.
At BVR Energy, we make it easy and efficient to install your heat pump hot water system. Here is how we do it:
We, at BVR Energy, are happy to help you take advantage of government rebates and incentives as you replace your hot water system. Here’s how we make it easier for you:
Just like our 6.6 kW solar system price, heat pump cost is qualified for STC. Every STC saves about 1 MWh of electricity during the lifetime of the system and we return those savings to you in the form of a discount that you receive upfront—typically several hundred dollars.
Eligible Victorian homes can get a rebate of up to $1,000 for 50% of the hot water heat pump installation through the Solar Victoria Program. Also, by replacing your existing electric or gas heater with a heat pump, you can qualify for additional savings of $500–$900 under the Victorian Energy Upgrades program.
We take care of all of the paperwork and ensure that you get these incentives applied to your quote. With these incentives bundled, it is more economical than ever to make the jump to a heat pump hot water system—offering immediate savings and long-term energy efficiency.
Ready to save energy and lower your hot water bills? BVR Energy is with you every step of the way—whether it’s selecting the right size system or a hassle-free installation. Contact us and receive a personalised quote today! Let’s work together to supply your home or business with energy-efficient and affordable hot water.
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