If you’re looking to get a new water heater in your home, a heat pump water heater might be the perfect option for you. Heat pump water heaters are energy-efficient and take advantage of the natural warmth in the air to help heat your water. However, before you choose this type of system, it’s important to understand what the installation costs are.
Generally, a heat pump water heater installation will include several components and will cost significantly more than a conventional electric water heater. The total cost of the installation may vary depending on the size of your unit, the complexity of the project, and where you live in Australia. On average, however, most people can expect to pay anywhere from $2,000 – $4,000 for their new system.
This price includes labour costs for the professional installer as well as any materials that are needed for the job. Your installer may include additional costs for things like wiring or plumbing if those need to be taken care of as well. If you have an existing electric hot water system that needs to be removed first, there could be additional fees associated with that too.
In addition to installation fees, there are other costs involved in setting up a heat pump water heater such as permits and inspections which may cost between $200 – $500 depending on where you live in Australia. Additionally, if you need extra piping or other components for your new system then these will also add onto your final bill.
Once everything is installed and ready to go, it’s important to remember that running a heat pump hot water system isn’t always cheap either! Depending on how often you use it and how much energy it takes up, you may find yourself paying more on your electricity bills each month than if you had chosen an electric hot water system instead. However, with careful planning and monitoring of usage levels this should balance out over time so that you can enjoy all the benefits of using an energy-efficient heat pump hot water system without breaking the bank.