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When Is the Best Time to Buy a Hot Water System? Sales & Promotions

end of financial year sale circled

It’s always a good idea to consider timing when purchasing a major household appliance like a hot water system. By leveraging sales throughout the year, you can maximise your value for money.

Making the right timing decision isn’t just about luck; it’s about strategy, especially with the current cost of living in Australia. Aligning your purchase with seasonal sales, government rebate cycles, and end-of-financial-year promotions can save you a substantial $500 to $2,000, so the strategising is worth it.

However, bagging a bargain shouldn’t come at the cost of an emergency breakdown if you hold out too long.

With over 30 years of experience supplying, installing and fixing hot water systems in Australia, Same Day Hot Water know the ideal times to buy a hot water system. You can use this guide to map out your annual sales calendar. We’ll also show the rebate windows and explain the red flags that mean you definitely should not wait.

Peak Sale Periods for Hot Water Systems in Australia

These are the key windows for strategic purchases of the best discounts and promotions on hot water systems in Australia.

End of Financial Year (EOFY) – June/July

Not all sales periods are the same, and this is arguably the most reliable and significant sales event for major appliances, so mark it in your calendar. This is because retailers clear inventory to meet annual financial targets before June 30, offering discounts typically ranging from 15-25%.

For investment property owners, there can also be tax benefits for capital purchases. In 2024, savvy buyers saved an average of $600-$900 during the EOFY rush.

It’s the ideal time to plan an upgrade.

Black Friday / Cyber Monday – November

a diary opened to Black Friday / Cyber Monday sales

This global sales phenomenon is now firmly entrenched in Australia. Historically, hot water systems didn’t appear too much in Black Friday sales, but this is rapidly changing. Expect online-focused deals on specific brands and models, often with bundle opportunities that pair the unit with discounted installation (or potential for state/federal rebates on qualifying renewable systems).

A word of caution: always research the standard retail price before the sale to ensure you’re getting a genuine discount, not a marked-up item on “special.”

Post-Christmas/New Year Sales – January

Like EOFY, these sales often focus on clearing remaining stock before the new financial year. While demand from tradies is high, competition from other buyers can be lower because of the summer holidays. On that note, if you do decide to buy, you should consider installation availability, as many tradespeople are also on holiday. You can always secure a great price if you can afford to wait a month or two for installation.

Mid-Year Sales – May

These are like a prelude to the EOFY, but the May sales hit a strategic sweet spot. Retailers begin to clear older stock, but buyer competition is lower. This often means better availability for both the system and installers, providing a good balance of discount and efficiency.

Understanding Australian Hot Water Rebate Programs

The next strategy to factor in is government rebates, which can also reduce your upfront cost, especially when you stack them with the sales listed above. However, you can save even more by understanding the dual-layered system: federal and state-based incentives that often work in tandem.

Furthermore, it should be noted that Government rebates in Australia are almost exclusively for renewable, sustainable and energy-efficient hot water systems (solar hot water systems and heat pump water heaters, and not gas hot water systems or electric hot water system installation costs). This is to encourage a move towards solar water heaters and natural gas to cut down on greenhouse gas emissions.

Federal & State Government Rebates

Nationally, the main incentive is Small-scale Technology Certificates (STCs), providing an upfront discount of $800-$1,200 on eligible solar or heat pump systems.

State-based programs offer further top-ups. For example, Victoria’s Solar Hot Water Rebate offers up to $1,000, while NSW’s Energy Savings Scheme (ESS) provides similar incentives via accredited suppliers. Just check your state’s energy authority website for what’s available.

Optimal Timing for Rebate Stacking

As touched on, the real savings come from strategically “stacking” a sale price with active rebates. The key is timing your purchase with the rebate (such as STC) application processing. The “sweet spot” is often during mid-year or EOFY sales (May-July). This is when retailer discounts coincide with settled rebate values and faster program processing. If you can time it right, you’ll save big.

Expiring Rebate Programs (2025-2026)

Be aware that the federal STC scheme for solar panel and battery installations is set to decrease in value starting 1 January 2026. The deeming period (number of years the government assumes a solar or battery system will generate renewable energy) is stepping down from 6 years (in 2025) to 5 years. Therefore, to lock in the highest available rebate, you must have your system installed and signed off by 31 December 2025, with the Certificate of Compliance confirming completion.

This means planning now can secure thousands in savings that may not be available in the next financial year.

When NOT to Wait – Red Flags for Immediate Replacement

rust coloured water coming from the tap

As tempting as sales can be, certain warning signs from your hot water system can mean a risk to your safety, home, and wallet. Waiting for a promotion can backfire, potentially costing you more, which defeats the purpose.

Critical Signals That Override Timing Optimisation

If you notice any of the following, schedule a hot water system replacement immediately:

  • System Age: If your system is over 10 years old, its failure is a matter of ‘when,’ not ‘if.’
  • Rust-Coloured Water: This signals internal tank corrosion and imminent failure.
  • A Leaking Tank: This is a safety hazard that can cause water damage and should be addressed the same day.
  • Rising Energy Bills: A failing system works harder, costing you more in daily usage than any sale could save.
  • Strange Noises: Loud banging or rumbling from the storage tank indicates sediment build-up or overheating.
  • Inconsistent Temperature: Fluctuating between scalding and cold water to heat water.

Let’s compare the two:

  1. A planned replacement during a standard period might cost $2,500.
  2. An emergency replacement on a weekend or public holiday, with potential water damage mitigation, can easily exceed $3,500-$4,000. Big difference.

Don’t risk an emergency. If you’re reading this because you’ve noticed any of these red flags, contact us immediately for an urgent assessment. Our team can provide a fast, fair quote and often complete same-day replacement, preventing further damage and restoring your hot water safely.

Strategic Timing Based on Your Situation

If Your System is Working Fine (Planning an Upgrade)

This buys you time, so plan to wait for the EOFY (June/July) or Black Friday (November) sales for the deepest discounts. Use the 2-3 months before research models and available rebates, so you’re ready to buy when the promotion hits.

If Your System is 8-12 Years Old (Proactive Replacement)

Consider not gambling on waiting for a specific sale date if it means risking a mid-winter failure because you have an old hot water system.

Balance savings against the increasing risk of breakdown. Your best bet could be to get a professional to come and assess the best move forward.

If Your System is Showing Warning Signs

Time is your enemy. If you are not happy with how much hot water your system delivers, aim to replace the system within 2-4 weeks, regardless of the sales calendar. You’ll find that many suppliers offer year-round promotions anyway, prioritise a reputable, available installer over chasing a minor extra discount because a reliable installation now prevents a costly emergency later.

Hidden Timing Factors Most Buyers Miss

Installation Availability

In peak winter, installers book out 2-3 weeks. This is when people need their hot water the most. So, booking in off-peak seasons like Autumn means faster service and installation.

Supply Chain Considerations

Import delays can spike in Q4, and popular models sell out before EOFY. So, plan ahead and pre-order during a sale to ensure you secure your desired unit at the best price.

Get quotes 6-8 weeks before planned purchase and ask about quote validity periods.

Weather & Seasonal Pricing

Winter demand pushes prices up. Summer demand remains high. Autumn (March-May) is the true quiet season, often offering the best balance of price, availability and installers on hand.

How to Maximise Savings (Beyond Timing)

Potential Cumulative Savings Breakdown

Potential Cumulative Savings Breakdown

Example based on a $3,000 system. Savings are illustrative and can vary.

Making the Smart Decision – Your Action Plan

Use this quick reference guide/checklist to make a clear, confident choice:

  • Emergency signals? → Replace immediately
  • System 10+ years old? → Don’t wait beyond next major sale
  • System 5-8 years old? → Plan for next EOFY
  • System working well? → Optimise for rebates + sales

Your Next Steps:

  1. Assess current system age and condition
  2. Check current state rebates eligibility
  3. Request obligation-free quotes now
  4. Monitor for seasonal promotions
  5. Plan installation during off-peak if possible

The best time to plan is now, even if the best time to buy is later. They say good luck is being prepared for when the right opportunity arrives.

The Time To Plan is Now

The time is now to strategically time your purchase for the EOFY, Black Friday, or May sales to maximise savings, potentially $1,500-$3,000 (or more). But remember, any of the warning signs we’ve mentioned need immediate action. At Same Day Hot Water Service, our over 30 years of experience provides expert advice, competitive pricing, and reliable hot water system availability when you need it most.

Ready to secure your home’s hot water with confidence? Get Your Free, No-Obligation Quote Today.

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