Have you ever stopped to consider what the key contributors to your monthly power bill are? You may be surprised that on average, domestic hot water heating accounts for 28% of the energy bill in New Zealand homes, and when combined with heating your home, a whopping 67% of the overall energy bill!*2
So if you are trying to find ways to make significant savings on your power bill, domestic hot water heating is an obvious area to target. Up to now the majority of hot water in New Zealand is heated by traditional electric hot water cylinders – but is there another, more energy efficient way to do this?
The answer is yes, and it’s called Hot Water Heat Pump Technology.
*1 When compared to traditional water heating. Estimated using COP data based on BSEN14511 standard rating conditions. 7°C outdoor temp, 35°C outlet water temp. The BSEN14511 testing relates to the heat pump performance only and not the entire heating system.
*2 Based on BRANZ study report SR221, 2010, verified by EECA.
Many years ago, when heat pumps were first introduced to New Zealand, it did not take long for Kiwis to quickly embrace this super energy efficient technology to keep their homes and families warm all winter long.
So it should come as no surprise that the same heat pump technology that revolutionised home heating in New Zealand can be just as effective and efficient at heating your hot water.
Since 1994 Mitsubishi Electric have utilised their heat pump technology leadership and expertise to specifically design and manufacture hot water heat pump solutions. The range is called Ecodan and is now well and truly established in Japan and Europe as the preferred way to heat water efficiently with minimal environmental impact.
With the full range of Mitsubishi Electric Ecodan Hot Water Heat Pump solutions now available right here, it’s New Zealand’s turn to reap the benefits.
The estimated return on investment of an Ecodan hot water heat pump, when compared to a gas or direct electric heating system, could be as low as 4 years*1.
There are ways of reducing this payback period further, such as taking advantage of lower cost nightly electricity tariffs available; reducing homeowners’ energy bills by heating the hot water cylinder during the night.
Large households with high hot water usage could bring the payback period down significantly.
Savings on your hot water and heating costs could be up to 70%*2 when compared to traditional water heating.
*1 Payback period comparison based on average energy supplier costs per kWh. Actual return on investment may vary in line with gas and electricity price fluctuations and seasonal conditions. This is an estimate only.
*2 Estimated using COP data based on BSEN14511 standard rating conditions. 7°C outdoor temp, 35°C outlet water temp. The BSEN14511 testing relates to the heat pump performance only and not the entire heating system.