Upgrading Your Hot Water Cylinder: Why You Should Consider a Heat Pump Hot Water Cylinder
Busted hot water cylinder, or thinking about upgrading? Maybe you’re sick of those whopper power bills from your old electric hot water cylinder? You're not alone. Upgrading to a heat pump hot water cylinder is becoming increasingly popular in New Zealand. Here's what you need to know.
What is a Heat Pump Hot Water Cylinder?
Simply put, a heat pump hot water cylinder uses electricity more efficiently by absorbing heat from the outside air to warm your water. Unlike standard electric cylinders that rely solely on electrical resistance heating, heat pump cylinders can save you significant money and energy.
Benefits of Switching to a Heat Pump Hot Water Cylinder
Cost Savings: Reduce your water heating bills by up to 65% compared to a traditional electric hot water cylinder.
Energy Efficiency: Heat pumps utilise renewable energy sources, making them a more eco-friendly choice.
Reliability: Quality heat pump cylinders provide consistent hot water throughout the year, even in cooler Wellington winters (no more running out of hot water after your flat mate spends too long in the shower!).
Electric vs Heat Pump Hot Water Cylinder Comparison
Approximate Costs for a Heat Pump Hot Water Cylinder in NZ
The upfront investment for a heat pump hot water cylinder typically ranges between $5,000 to $8,000, including installation. We know, it’s a big upfront cost. But while this is higher than traditional electric systems initially, the long-term savings on energy costs make it a smart financial decision and you may be able to get some help from your bank. ⬇️
Green Loans: Financial Support from NZ Banks
Did you know many New Zealand banks offer 'green loans' to support eco-friendly home improvements, including hot water heat pump installations? Some of these have super low interest rates or are even interest free.
Here’s a quick overview:
ANZ Good Energy Home Loan: Offers discounted rates for energy-efficient upgrades.
ASB Better Homes Top-Up: Provides low-interest loans specifically for energy-efficient improvements.
Westpac Warm Up Loan: Designed to make sustainable home improvements accessible.
Taking advantage of these green loans can significantly ease the upfront costs, making it financially easier to switch to more sustainable home heating solutions.
Ready to Make the Switch?
We get it - it’s a huge investment. Pick Ka Pai Plumbing to get the job done. Our team of meticulous and reliable professional plumbers are here to guide you through the process from start to finish, ensuring a smooth upgrade.
Get in touch with us today to discuss your options and take the first step toward a more efficient, cost-effective home.
Frequently Asked Questions (FAQs)
Q: How much can I really save by upgrading to a heat pump hot water cylinder?
A: Typically, savings range from 50%-65% on your water heating energy costs compared to traditional electric cylinders.
Q: How long does installation usually take?
A: Most installations are completed within a day, minimising disruption to your household.
Q: Are heat pump hot water cylinders suitable for Wellington’s climate?
A: Absolutely! Modern heat pump systems operate efficiently even in colder weather, making them ideal for Wellington homes.