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Comparison of Hot Water Heating CostsMany people don't realise how much their hot water is actually costing them. Installing an energy efficient hot water system can save an average family over $500 per year. Because less energy is used to produce the hot water there are also huge benefits for our environment, and because of this, generous rebates are available to reduce the purchase price. Can you think of a more cost effective way to help our environment? The following comparison between solar, heat pump, electric and gas hot water running costs has been developed to assist people to understand the massive savings provided by energy efficient hot water systems. This comparison is offered as an indication only. Everybody uses hot water in different ways. Actual costs will therefore vary between different families. Some families with teenage children or a spa bath could use 50% higher than the average. In such cases you should add 1 or 2 people when looking at the comparison below. For example, if you are a family of four with high hot water usage your actual running costs will be closer to those for 5 or 6 people on the table below. Table 1 – Standard Tariff – Tariff 11
Table 2 – Tariff 33/Off Peak 2
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