How Much Does a Heat Pump Cost to Install in 2024 in Australia?
Heat pumps are such devices that combine technology with efficiency and provide you with a smart water heating system that costs a fraction of the amount which it would have otherwise. An average household already pays a huge amount for the electric bill, and energy-hungry water heating systems are accountable for a big chunk of that bill. So, it’s undoubtedly a smart decision to install a heat pump for hot water and lower energy bills.
With that being said, it’s only natural for you to wonder how much does a heat pump cost to install? Any heat pump systems can cost you about $2500 to $5500 for the unit. But keep in mind that this is not a definite amount because there are a lot of other attributes that heavily influence this number.
Also, there are government rebates available in NSW and Victoria that can potentially bring this huge number almost down to ZERO if you choose to go with an efficient hot water heat pump replacing your old demanding electric system.
Factors That Affect the Heat Pump Cost
Here are some aspects you have to keep track of to get an idea of how much is a heat pump and what can influence heat pump cost.
Capacity
A larger capacity will always cost you a bit extra. Depending on the size of your family and needs, you can choose the best-suited one, whether it be a smaller-capacity heat pump or a big one. However, for an average family of four, it has been observed that a 200L one will suffice if each member uses 50L of hot water a day.
Heat Pump Installation Cost
Apart from the cost of heat pump hot water system, you have to factor in the installation cost. This is, again, something that cannot be determined just like that. For a bigger system in a trickier part of the house, the installer might quote you a bit extra for obvious reasons. Similarly, for a smaller capacity heat pump with an easier installation process, as the labour cost goes down, so might the installation cost.
To go with an installer who is CEC approved is definitely recommended.
