When considering a heat recovery system for your home, one concern that many Australian homeowners have is whether or not these systems will increase their energy bills. The answer, like with most things in life, is that it depends.
First and foremost, it’s important to note that a heat recovery system can actually help to reduce your energy bills. This is because these systems work to recover the heat that would otherwise be lost, and use it to heat or cool your home. This can help to significantly reduce your heating and cooling costs.
For example, according to the Australian Government’s Your Home website, a heat recovery system can help to reduce your heating and cooling costs by up to 30%. This means that over time, the savings on your energy bills can more than offset the initial cost of the system.
It’s also worth noting that the energy efficiency of your heat recovery system can be affected by a number of factors, such as the specific system you choose, the location of the property, and the overall energy efficiency of your home.
To give you an idea of costs, the Australian Government’s Your Home website estimates that the cost of a heat recovery system for a new build can range from $1,000 to $4,000. For a retrofit, the cost can range from $2,000 to $8,000. Of course, these costs will vary depending on the specific system and the location of the property.
It’s also worth noting that there are government rebates and incentives available for homeowners who choose to install a heat recovery system. For example, the Australian Government’s Small-scale Technology Certificates (STCs) scheme provides homeowners with financial incentives for installing renewable energy systems, including heat recovery systems.
In conclusion, a heat recovery system can actually help to reduce your energy bills by recovering the heat that would otherwise be lost, and using it to heat or cool your home. This can help to significantly reduce your heating and cooling costs. The energy efficiency of your heat recovery system can be affected by a number of factors, such as the specific system you choose, the location of the property, and the overall energy efficiency of your home. It’s important to do your research, consider the specific requirements of your home, check for government rebates and incentives and consult with professionals before making a decision about installing a heat recovery system in your home.