Free Hot Water Upgrade: How to Save Money on Your Power Bill

Want to save money on your power bill while cutting down on greenhouse emissions? Consider replacing your old water heater with an energy efficient model, which will not only save you $100’s of dollars every year but also ensure that you have hot water when you need it. This free hot water upgrade can be completed at your convenience and may even qualify you for rebates or financial incentives from the Victorian Government’s Energy Upgrades program! Here’s how to get started!

 

What is a rebate?

The Victorian Energy Upgrades Program offers homeowners a range of rebates, subsidies and loans if you invest in energy efficient products for your home. VEU has two main types of rebates for water heaters, free hot water upgrades and general rebates. The free hot water upgrade rebate is a FREE energy efficient electric or gas storage tank installed in your roof space, which can save you between $50-100 per year depending on your energy retailer and your electricity usage profile.

 

Is it worth it?

Why are hot water systems so expensive? Does your current system use a lot of power? Is it costing you more than you’d like? These are all questions you should be asking yourself as part of your energy upgrade. The Victorian Government has a range of programs that can help with these issues, one of which is a free hot water upgrade for eligible households. This program can reduce your power bill by up to $280 per year!

 

Step by step upgrade process

Free hot water upgrades are designed to help reduce your power bills and assist with water heating. If you think your property would benefit from a new energy efficient system, here’s what you need to know about getting it installed. You’ll be required to fill out an application form and submit it along with a quote from an installer that meets VEU standards. The process takes roughly six weeks from application submission until installation is complete, so make sure you start early enough before summer arrives! *Conditions apply.

 

FAQ

What is a solar hot water system? A solar hot water system is one of two types of thermal energy systems that make use of natural resources, such as sunshine or Earth’s heat. These systems are used to generate thermal energy for space heating and/or cooling, and also water heating. Thermal energy can be generated by various means including combustion (e.g., fireplaces), geothermal heat (e.g., ground source heat pumps), or other sources such as natural sunlight through photovoltaic panels.

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