So, what's a heat pump hot water system, and why is it a worthwhile investment?
If you're looking for a long-term solution to reducing your energy bills (I mean, who isn't), start by making the smart choice to opt for a heat pump hot water system when building your home. Not to mention, you'll save more than just your money.
What is a heat pump hot water system?
The standard electric hot water systems we're most familiar with contain an element in the tank that directly heats up your water from scratch1, like a kettle. Alternatively, heat pump hot water systems work more like a refrigerator, extracting thermal energy already available in the air. This thermal energy is heated and transferred into water using a compressor, expansion valve and heat exchanger1.
What about the colder months?
No matter how chilly it may get outside, there is always some thermal energy available. The heat pump has been designed to harness this energy efficiently, ensuring your water stays warm regardless of the weather.
And how will I be saving?
Using this savvy method of heat transfer, around 60-75% less electricity1 is used in comparison to a standard electric hot water system. So less electricity used means less running costs which ultimately translates to money back in your pockets - cha-ching! In fact, you're likely to save up to 16 - 27% on your home running costs2 by opting for a heat pump system over a standard electric heating system.
The benefits don't stop there. The energy output of a heat pump is greater than the energy required to power the system, making for a far more efficient way to heat your water 3.
Plus, most heat pumps now include an in-built timer, allowing you to schedule your heat pump to operate during cheaper, off-peak electricity tariff times, or whenever suits you. If you're an eco-step ahead and have a rooftop solar panel installed, you'll be able to use the nifty in-built timer to schedule your heat pump to operate during daylight hours and make the most of the electricity generated by the sun.
The environment will thank you too. A heat pump hot water system produces no carbon dioxide emissions 1, so you'll have peace of mind knowing your cost savings are also benefitting the planet.
Eager to make even more sustainable choices in your home? Why not take a look at an induction cooktop or solar panels.
Or maybe you're ready to find your dream Wildflower home? Browse our most popular packages today.
Further information
1Information sourced from Sustainability Victoria: Heat-pump hot water systems (January 2024). Full article available here. This document is supplied for the purpose of providing an impression of Stockland Wildflower and the approximate location of existing and proposed third party infrastructure, facilities, amenities, services and destinations, and is not intended to be used for any other purpose. All details, images and statements are based on the intention of, and information available to, Stockland as at the time of publication (February 2024) and may change due to future circumstances. This document is not legally binding on Stockland. Stockland does not give any warranty in relation to any information contained in this document. Stockland does not accept any liability for loss or damage arising as a result of any reliance on this document or its contents. Prospective purchasers should seek their own independent legal and financial advice.This web page contains links to other websites operated by third parties ("Third Party Websites"). Stockland does not endorse, or approve of the operators of Third Party Websites, or the information, graphics and material on those Third Party Websites ("Third Party Material"). Subject to any applicable law which cannot be excluded, Stockland makes no warranties or representations (a) regarding the quality, accuracy, merchantability or fitness for purpose of Third Party Material or products or services available through Third Party Websites; or (b) that Third Party Material does not infringe the intellectual property rights of any person. Stockland is not authorising the reproduction of Third Party Material by linking Material on this Website to Third Party Material.
2Information sourced from Andafena: Stockland Wildflower - Solar Panel Costs and Energy Savings (November 2023). Full Report available here. This document is supplied for the purpose of providing an impression of Stockland Wildflower and the approximate location of existing and proposed third party infrastructure, facilities, amenities, services and destinations, and is not intended to be used for any other purpose. All details, images and statements are based on the intention of, and information available to, Stockland as at the time of publication (February 2024) and may change due to future circumstances. This document is not legally binding on Stockland. Stockland does not give any warranty in relation to any information contained in this document. Stockland does not accept any liability for loss or damage arising as a result of any reliance on this document or its contents. Prospective purchasers should seek their own independent legal and financial advice.
3 Information sourced from One Step Off The Grid: Heat pump boom, Installs jump 70 pct as homes prepare for electric future (October 2023). Full Report available here. This document is supplied for the purpose of providing an impression of Stockland Wildflower and the approximate location of existing and proposed third party infrastructure, facilities, amenities, services and destinations, and is not intended to be used for any other purpose. All details, images and statements are based on the intention of, and information available to, Stockland as at the time of publication (February 2024) and may change due to future circumstances. This document is not legally binding on Stockland. Stockland does not give any warranty in relation to any information contained in this document. Stockland does not accept any liability for loss or damage arising as a result of any reliance on this document or its contents. Prospective purchasers should seek their own independent legal and financial advice. This web page contains links to other websites operated by third parties ("Third Party Websites"). Stockland does not endorse, or approve of the operators of Third Party Websites, or the information, graphics and material on those Third Party Websites ("Third Party Material"). Subject to any applicable law which cannot be excluded, Stockland makes no warranties or representations (a) regarding the quality, accuracy, merchantability or fitness for purpose of Third Party Material or products or services available through Third Party Websites; or (b) that Third Party Material does not infringe the intellectual property rights of any person. Stockland is not authorising the reproduction of Third Party Material by linking Material on this Website to Third Party Material.