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-24 | 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 | $4,042 | $2,581 | $2,307 |
| QLD | $4,103 | -- | -- |
| ACT | $4,791 | -- | -- |
| National | $4,362 | -- | -- |
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.
Indicative Price Breakdown by Brand
When considering a heat pump, understanding the indicative pricing across different brands is essential for making an informed decision. While the upfront cost is an important factor, it’s crucial to balance price with factors like energy efficiency, warranty, and long-term savings. Below, we provide a detailed breakdown of heat pump costs by brand to help you choose the best system for your home
| Australian Heat Pump Brand | Indicative Cost / Price |
|---|---|
| Reclaim | $$$$$ |
| Sanden | $$$$$ |
| Haier | $$$$ |
| Thermann | $$$$ |
| Evoheat | $$$ |
| Rinnai | $$$ |
| Solahart | $$$ |
| Apricus | $$$ |
| Dux Ecosmart | $$$ |
| Quantum Energy | $$$ |
| Stiebel Eltron | $$$ |
| Hydrotherm | $$ |
| Aquatech | $$ |
| Emerald Energy | $$ |
| Rheem | $$ |
| Neopower | $$ |
| iStore | $ |
| Ecogenica | $ |
| Smart Lifestyle | $ |
| Midea | $ |
Note: The pricing information has been sourced directly from the manufacturer or from publicly available sources. Prices may vary based on location, installation requirements, and applicable rebates. Anything look wrong in this table? Email us at sales@solarchoice.net.au for any corrections or clarifications.
What Do the Solar Choice Pricing Tiers Mean?
- $$$$$ – Highest Cost: Above $2,500
- $$$$ – Higher Cost: $2,000 to $2,500
- $$$ – Mid-range: $1,500 to $2,000
- $$ – Lower Cost: $1,000 to $1,500
- $ – Lowest Cost: Below $1,000
These indicative pricing tiers are based on publicly available retail pricing for each brand and may vary depending on:
- Location: Installation costs can differ regionally.
- System Requirements: More complex installations may add to the hot water heat pump cost.
- Rebates: Government incentives or rebates can reduce the upfront cost of installing a heat pump.
Choosing the Best Price Heat Pump: Costs, Efficiency, and Long-Term Value
When considering heat pump options, it’s important to understand that cheaper systems may come with trade-offs in areas such as efficiency, noise levels, warranty, and longevity. Cheaper heat pumps often consume more energy, leading to higher long-term operating costs, and may be noisier, especially if installed near frequently used areas. Additionally, well-known brands typically offer better warranties and customer support, whereas cheaper options may have shorter warranty periods and more issues with durability. Investing in a higher-quality system can ensure longer-lasting performance and lower maintenance costs over time. Always verify the installer’s qualifications and check our Solar Choice heat pump comparisons & reviews before proceeding with a quote.
You can also check out our comprehensive article on the Best Heat Pumps in Australia Compared.
