Replacing a hot water system
As we move toward a future powered by clean energy, many Tasmanians are considering upgrading their hot water heating systems.
With various options available, it's important to choose the right system that aligns with your goals and budget.
Here's an overview of your options:
Option 1: electric hot water cylinders
Option 2: solar hot water system
Option 3: electric heat pump
More detail and what each option involves is below.
Option 1: electric hot water cylinders
This option is affordable and straightforward, but is not the most energy efficient option in the long term.
Replacing your existing system with an electric hot water cylinder is the most budget-friendly option.
A local plumber can handle the installation without needing an electrician.
These hot water cylinders are more efficient and affordable to run than gas hot water systems, but they are not the most efficient option.
They use an element to heat the water (like a kettle), and use lots of electricity.
We always recommend setting up a timer for your hot water cylinder, to ensure it heats up during off peak power prices. You can set it up to heat up in the middle of the day or night when power prices are cheaper.
If you have solar, this option works well as you can set the timer to only heat up water in the middle of the day when the sun is shining. There is also a cheaper tariff (Tariff 93) available for solar users.
This is Electric can assist you with setting up the timer and shifting to the optimal tariff to maximise savings.
Option 2: solar evacuated tube hot water systems
For those in sunny locations without existing solar panels, a solar evacuated tube hot water system with an electric booster is an excellent choice.
Brands like Apricus offer reliable performance, providing free hot water during summer months.
These systems are costlier upfront but save money in the long run.
Installing a timer for the electric booster ensures it activates when the electricity is cheapest, further enhancing savings.
Many local plumbers can install these systems, and some electricians with appropriate plumbing qualifications.
Option 3: electric heat pump systems
The latest in energy-efficient technology, electric heat pump systems, are top-of-the-line and highly efficient.
They use a heat pump instead of an element, reducing energy consumption by up to 80% compared to standard electric hot water cylinders and gas systems.
Brands like Reclaim are renowned for their performance. Many heat pumps come with built-in timers to optimise energy use and make the most of more affordable energy prices.
Good electricians (with the right plumbing qualifications) and plumbers should be able to install these systems.
Financing your upgrade: Tasmanian Energy Saver Loan Scheme
To make these eco-friendly upgrades more accessible, the Tasmanian Energy Saver Loan Scheme provides 0% interest loans of up to $10,000 for eligible applicants.
This scheme covers hot water heat pumps and solar hot water systems, among other energy-efficient products.
Accredited suppliers through the scheme ensure professional installation and post-installation inspections.
Applying for this loan can help you finance your new hot water system without the burden of upfront costs.
Steps to Apply for the Loan Scheme:
Find a Supplier: Review the Brighte Marketplace for accredited suppliers.
Get a Quote: Request quotes from multiple suppliers to find the best deal.
Apply for Finance: Your chosen supplier will initiate the loan process on your behalf. Brighte will contact you to finalize your application.
Once approved, the funds will be paid directly to your supplier, and you can start enjoying the benefits of your new energy-efficient hot water system.
Why all these options matter
Switching to an electric hot water system with a timer can reduce emissions and cost of electricity.
It also aligns with global efforts to transition to clean energy.
While initial costs for some systems like solar hot water and heat pumps can be higher, the long-term savings and environmental benefits offset these costs.
Programs like the Tasmanian Energy Saver Loan Scheme make these upgrades more accessible.
By investing in these systems, you're contributing to a sustainable future, reducing your household's reliance on fossil fuels, and promoting clean and efficient energy consumption.
At This Is Electric, we're committed to supporting you through this transition with professional advice and reliable installation services.