How Much is Your Old Hot Water System Really Costing You

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How Much is Your Old Hot Water System Really Costing You?

Hot water is something we take for granted in our homes and we don’t really pay too much attention to the system unless something goes wrong with it, or until we find that we are paying very high electricity bills for it. Heating water is a significantly heavy drain on energy consumption, equating to about 25% of all household power usage. Most homes have older systems that are outdated, and are power guzzlers that can considerably increase your energy bills. This also means you hot water system is costing you far more than it should.

The general rule of thumb is that if your hot water system is over 12 years old, it’s time to consider a replacement rather than a repair. This is because the expected lifespan of most hot water systems is 12.5 years. Modern systems use state-of-the-art, advanced heating technology and are far more energy-efficient than the ones used even up until a decade ago. This means, when you get an outdated hot water system replaced, you will notice a significant dip in your utility bills.

Types of hot water systems- which one to choose?

When you start looking for new hot water systems, you will find there are a number of options on the market such as Electric, Gas and Solar. This brings us to the next big question-“Which system will work best for my requirements and fit into my budget?” Let’s take a look at some details that will help you make a more well-informed decision.

  • Electric hot water heaters are more expensive than gas and heat pumps. If you are getting a new one installed or are replacing an existing one, it’s a good idea to check what rates you will be charged for electricity during peak and off-peak hours. You can then consider getting an electric heater if your utilities service provider is offering lower rates.
  • Gas is always cheaper than an electric system and if you have the latter installed in your home, it means you are paying higher bills.
  • Solar hot water heaters are an extremely energy-efficient option and perfect if you own your own home. While the upfront costs of these systems are higher than gas or electric heaters, they offer excellent value in the long term. If you plan to sell your home at some point of time, they also add to the resale value of your home.

 Call the hot water installation experts

These are just the basic aspects that have to be taken into account when choosing a hot water heater for your home. Its best to consult expert plumbers like the ones at Wilco Plumbing for an assessment of your hot water requirements, preferences and budget etc. We offer installation and replacement as well as repair of systems from leading brands like Aquamax, Rheem, Bosch, Dux and Rinnai and offer very flexible payment options.

We also handle Blocked Drains, Gas Fitting and Gas Repairs, Burst and Leaking Pipe Repairs as well as all other Commercial and Residential Plumbing. We also understand that some plumbing problems can surface without warning and it’s why we provide reliable and prompt 24/7 Plumbing Emergency services Sydney-wide. For more information, call Wilco Plumbing on 02 9186 3319 or contact us via this online form.