Are HWHPs becoming cheaper?
As technology continues to improve, gas rates increase, and renewable grid penetration bolsters the carbon benefit of electrification, HWHPs appear poised to take a massive leap in market growth.
With the heat pump incentives increasingly made available by electric utilities and governing bodies promoting electrification measures to achieve their carbon goals they are set to become cheaper.
Is gas cheaper than electricity?
Gas is no longer the cheapest option for heating your home. Changes in the gas market mean that most of our gas resources are now exported overseas, making it much more expensive for us to buy for use in residential homes. More energy efficient ...
What can the Energy Assistance Program (EAP) do to help me?
THIS PROGRAM IS AWAITING FURTHER FUNDING, AND THE ASSISTANCE LISTED BELOW IS CURRENTLY UNAVAILABLE. WE ARE CURRENTLY LIMITED TO HELPING PEOPLE TO APPLY FOR THE STATE GOVERNMENT'S $250 POWER SAVING BONUS. Prior to July 2021 - Once we determine ...
Are solar batteries getting cheaper?
Battery storage system prices are coming down quickly and the number of households opting to install battery storage has risen dramatically compared to just a couple of years ago.
I thought that gas is cheaper than electricity, so why is it cheaper to run an RCAC?
• Changes in the gas market mean that most of our gas resources are now exported overseas, making it much more expensive for us to buy for use in residential homes. • Also, newer RCACs are being made even more efficient in their use of electricity.
What factors lead to the large variance in the price of HWHPs?
There is a huge range of different hot water systems on the market. Durability, quality, features, warranties and options vary widely. This affects the price of any given system.