Hot Water System Prices

Navigating Hot Water System Prices: Electric, Solar, and Gas Options

When it comes to ensuring comfort and convenience in our homes, a reliable hot water system is a must. However, choosing the right one involves more than just picking the first option you come across. Hot water system prices vary based on factors such as energy source, efficiency, and the specific needs of your household.

In this blog, we'll explore the costs associated with electric, solar, and gas hot water systems, helping you make an informed decision for your home in tropical Queensland.

Electric Hot Water Systems

Electric hot water systems are a popular choice due to their affordability and ease of installation. These systems use an electric element to heat water, providing a straightforward and reliable solution for households. However, it's essential to consider both the upfront costs and long-term expenses such as energy efficiency and operational expenses over time.

Electric hot water systems can range in size to suit you are your family. Typically a home’s size will need the following Hot Water System.

• 1 bedroom home = 50L-80L Hot Water System
• 2-3 bedroom home = 125L Hot Water System
• 3-4 bedroom home = 250L Hot Water System
• 4-5 bedroom home = 315L Hot Water System
• 5+ bedroom home = 400L Hot Water System

Note: The most common hot water system in tropical Queensland for the average family is a 250L hot water system.

The initial price for an electric hot water tank can range from $300 to $1,500, depending on the capacity and brand. Electric hot water systems tend to be less energy-efficient than other options, leading to higher electricity bills over time. However, if you have an existing solar system you can set your hot water system to only heat during sunlight hours to reduce costs.

This makes electric hot water systems a cost-effective choice for smaller households with lower hot water demands, or homes with solar systems.

Solar Hot Water Systems

Harnessing the abundant energy of the sun, solar hot water systems are a sustainable and environmentally friendly option. These systems utilise solar collectors, typically installed on the roof, to capture sunlight and convert it into heat.

While solar hot water systems have a higher initial cost, they offer long-term savings, reduced environmental impact, and potential government incentives.

The initial price of a solar hot water tank and collectors can range from $2000 to $7000, depending on system size, brand, and installation requirements. However, the abundant sunlight in tropical Queensland makes solar systems an excellent investment, allowing homeowners in this area to take advantage of cheap and renewable energy.

In addition to lower energy bills, the QLD government periodically offers incentives and rebates for installing solar hot water systems, further offsetting the initial cost. These systems also typically have a longer lifespan than electric alternatives, making them a wise choice for those looking for a sustainable and cost-effective solution that is going to last for many years to come.

Gas Hot Water Units

Known for their efficiency and quick water heating capabilities, gas hot water systems provide a reliable solution for homes with higher hot water demands. These systems use LPG (liquefied petroleum gas) to heat water, offering a cost-effective alternative to electric systems.

The initial cost of a gas hot water unit ranges from $900 to $2000, depending on the system's capacity and brand. The energy efficiency often leads to lower monthly utility bills, making them an economical choice for larger households with higher hot water demands. The key is to find the right size gas bottle/s that will suit you and your family so that you don't run out of hot water mid shower etc.

Note: In the Mackay region only, we now supply gas bottles from 9kg to 45kg bottles.

Alternative Hot Water System Options

While electric, solar and gas tend to be the most common types of hot water systems that homeowners choose, there are also some other options that we install and maintain including Continuous Flow Hot Water Systems and Heat Pump Hot Water Systems.

Continuous Flow Hot Water Systems

Continuous flow hot water systems, also known as tankless or instantaneous systems, provide hot water on demand. Unlike traditional storage systems, these units heat water as it flows through the system, eliminating the need for a storage tank. This design results in energy savings and an endless supply of hot water.

These units run out at around $1000 - $3000 depending on the brand and installation, putting them on par with many other options. These systems are energy-efficient and space-saving, making them an attractive option for many homeowners.

Heat Pump Hot Water System

Heat pump hot water systems leverage ambient air temperature to heat water, making them an energy-efficient choice. These systems work by extracting heat from the air and transferring it to the water in the storage tank.

This type of hot water unit can cost between $2500 and $4000 upfront depending on brand and installation fees; however, while heat pump systems may have a higher upfront cost than some of the other options, their long-term energy savings make them an environmentally friendly and cost-effective solution.

Choose the Right Hot Water System for Your Household

Choosing the right hot water system involves considering various factors, including your budget, energy efficiency goals, and property size. Electric, solar, gas, continuous flow, and heat pump systems all have their unique advantages and associated costs.

At Tropical Coast Plumbing, we are here to help you navigate these choices and find the ideal solution for your specific needs. Our team is experienced in installing all of these types of hot water systems. With our expertise, you can enjoy reliable hot water while optimising energy efficiency and minimising long-term costs.

*Disclaimer: the prices stated in this blog are just for the tank or unit and are subject to change.