Based on our network of over 40 installers across Australia, we publish the average prices for heat pump hot water systems with a breakdown for each state. Solar Choice has also been publishing the average cost of solar panels and batteries in Australia since 2012.
Heat Pump Hot Water System Costs by State
The below table represents the average cost of a heat pump hot water system including basic installation and the available rebates in the state. Please note these are average costs and should serve as an indicative guide only. Your quote may different based on your install requirements and which heat pump brand and installer you choose.
| Oct 2024 | Average costs including STCs and Installation | Including State Rebates (upgrade from gas) | Including State Rebates (upgrade from electricity) |
|---|---|---|---|
| NSW | $4,187 | $3,967 | $3,813 |
| VIC | $3,806 | $2,373 | $2,070 |
| QLD | $4,103 | ||
| ACT | $4,924 | ||
| SA | -- | ||
| NT | -- | ||
| TAS | -- | ||
| WA | -- |
— means there is insufficient data points to publish an average (minimum of 5)
To be part of Solar Choice’s network, each installer must pass our vetting requirements including verifying qualifications and having demonstratable company trading history and positive feedback from customers. These average costs exclude pricing from very cheap companies who are installing low quality solutions.
Heat Pump Brands Market Share
Based on Solar Choice’s pre-vetted network of trusted heat pump installation companies, we publish a monthly view on what brands are being used in the quotes that are being displayed to customers. This provides an indication on the most popular heat pump hot water system brands in the market.
It should be noted that if a customer has a particular preference for a heat pump brand, most installers will be happy to accommodate this.
