A heat pump hot water system can substantially reduce your electricity unit consumption and help save you money monthly. You will get heat pump hot water systems in various sizes, ranging from 170 to 315 litres, and it may cost you around $2900 to $6300+. Bear in mind these are only estimation; the cost of installing a heat pump depends on various factors. 

Various Factors That Affect Heat Pump Price

Here are the vital factors that can affect the price of your hot water heat pump:

Size/ Capacity

A larger capacity heat pump will cost you extra. So you need to choose the best heat pump size depending on the size of your family and needs. For instance, a 200-litre heat pump will be sufficient for an average family of four, considering each member uses 50-litre of hot water a day.

How Much Is The Installation Cost For The Heat Pump?

The heat pump hot water system cost is one thing, and then you need to figure out its installation cost. If you want to install a more extensive system in a problematic area of your house, the installer might quote you a bit extra for apparent reasons. Likewise, you can expect to pay a lower installation cost to install a smaller-capacity heat pump with a simple installation process. We recommend hiring a CEC-(Clean Energy Council)-approved installer.

Brand New Or Replacement Heat Pump

Whether you need to get an entirely new heat pump or replace your current electric hot water system with a heat pump hot water system will depend on the price. For instance, if you reside in Victoria, replacing your existing electric hot water system with a hot water heat pump is free of cost. It is a state government-funded subsidy to help and encourage their people to be more energy efficient. If you live in New South Wales, you have only to spend a few dollars on replacing your current electric hot water system with a heat pump. It is also a state government-funded rebate.

System Relocation

If you’re replacing your old water heating system with a new one of the same model at the same place, it will be easy as it will not require relocating the system to another place. Conversely, if you would like to relocate your heat pump to another area of your house, you must consider this cost while determining the price.

Need Tempering Valves

If you require an extra tempering valve, your installation cost will increase by around $185; however, it will depend on your particular heat pump model.

Replacement & Disposal (Without Subsidies)

Suppose you don’t qualify for the government rebate; you might have to pay your installer to remove your old system and dispose of it appropriately. Hot water systems require proper disposal under professional supervision, as its a complicated task. Thus, it would be best if you considered this aspect when figuring out the installation cost for the heat pump hot water system.

Summing Up

Apart from all the factors mentioned above, you need to provide proper maintenance to the system for a longer lifespan. Correct maintenance will include inspecting the unit for any issues that can turn into severe problems in the future and cleaning the unit.

Heat pump water heaters are efficient and can lower your energy bill by ingesting less energy, so it makes sense for you to take care of your heat pump. Investing in a superior-quality heat pump that runs efficiently and helps you save money on your electric bills is equally essential. 

Depending on other external factors, heat pump installation costs may vary between houses and areas. Get a free consultation with Sydney Plumbing experts to know what it will price to install a heat pump on your property.