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How to Save Money on Your Next Hot Water System

Hot water coming out of faucet

Looking for a new hot water heater, but also want to keep your energy bill down? With household living expenses continually rising, we’re all interested in energy efficiency in our appliances. Hot water is the second-largest part of household energy consumption, after heating and cooling (fans, air conditioning, heaters, etc.). With that in mind, it’s easy to see how your choice of water heaters can greatly impact your budget. But with so many brands and models to purchase, what is the best boiler for you?

While it may be tempting to simply replace your old system with a similar model, it’s always worth investigating what else is on the market. If you’re looking for tips on choosing the best hot water system for you, you’re in the right place.

Do your research before you choose a hot water system

There is a wide range of hot water heaters available on the market, and each product has its advantages and disadvantages. Quality hot water systems may cost more initially but will operate longer, are less likely to leak, and often have more features.

You’ll need to take into account various aspects of your life before picking a hot water system. These factors include: how many people are in your house, what times you’re most likely to use hot water and where you live. An area with a colder climate will require more hot water than an area with a warmer climate.

For more information, talk to hot water system suppliers or plumbing experts about what they’d recommend for your home. It’s also worth investigating the warranty, any eligibility for government rebates, and the application process.

Top-of-the-line hot water brands we recommend

6 Ways to save money on your hot water heat system

If your water heater won’t stop making banging noises, it may be time to replace the whole system. But before you opt for the same system you had before, check out these 6 ways you can save money on your next hot water heater.

1. Choose the right size for your home or business

From our experience, people tend to underestimate just how much hot water they use. Did you know the average person uses 50L of hot water a day? For a family of 4-6, it’s best to buy a tank with a capacity of 315L. The last thing you want is for family members or friends to have a cold shower because you chose the wrong hot water system.

When making your choice, consider both your short-term and long-term needs. For example, are you planning on starting a family? Will your business grow in the coming years? Do you use a lot of hot water?  For less fuss and time checking the thermostat, it is worth putting in the effort to research all your options to get the best deal for you.

2. Save on future costs with solar hot water systems

Australia is one of the sunniest countries on the planet, so it’s no wonder more and more Aussie households are turning to solar power. Although initially more expensive to install than other options, solar power can lead to significant long-term savings, potentially cutting your energy bills in half. Add to this the environmental benefits of reducing your carbon footprint. A solar power design is something you can get behind.

3. Consider a tankless water heater

For households that use less than 155 litres of hot water per day, a tankless water system is 24-35% more efficient than a tank system. With proper maintenance, they have a longer average lifespan than products with tanks, meaning you’ll get an extra few years out of your system. Tankless systems are more expensive initially, which may be an issue if you have a tight budget.

4. Choose the right power source for your hot water tank

It’s currently estimated that around 36% of households have an electric storage hot water heater, making it the most popular. However, this doesn’t mean it is the most energy-efficient. Hot water systems can be powered by electricity, gas, heat pumps, or solar power. An electric heat pump system is your best bet in terms of running costs, with gas also cheaper than electricity storage.

Your environment will affect how effective your chosen water heater is. Both solar power and electric heat pumps work better in warmer climates, so in colder areas, they won’t be quite as effective.

5. Get your hot water system serviced regularly

Anyone who’s had an appliance breakdown knows it happens suddenly and always at the worst time. Before you know it, your system is leaking like a geyser, and you’re digging into your hard-earned savings for repairs or a complete replacement. Having your hot water system regularly serviced gives a hot water technician or plumber the chance to make sure everything is running smoothly and catch any potential problems in their early stages.

A minor repair, such as a valve or faucet replacement, can be taken care of on the spot, so if you notice any issues with your hot water system, it’s best to have it looked at sooner rather than later.

6. Get advice from the experts

Same Day Hot Water Service is the best in our field and the only name you need to remember for your hot water needs. An Australian company with over 30 years of experience, we hold ourselves to the highest standards on every job.

All of us, from our sales team to our plumbers, pride ourselves on providing the best pricing and customer service. Whether you need to replace your old system, need replacement parts or your current unit needs a service, we’re the hot water specialists to call. We can help you find the best model and even provide delivery and installation.

We offer installations and services in many locations across Australia, including the Central Coast, Brisbane, Gold Coast, Sydney, Newcastle, Penrith, Wollongong and more. If you’d like to order your next hot water system, check out all of our hot water systems on our online shop.

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