How To Lower Your Hot Water Bill and Save Money

How To Lower Your Hot Water Bill and Save Money

With the cost of living expenses continuing to rise, everyone is looking for ways to save a bit of money. It’s probably not surprising that more than half of all hot water use in your home is in the bathroom, while a third is used in the laundry and the rest is used in the kitchen. And heating the water for these activities makes up approximately 25 per cent of household energy use in Australia.

So, if you want to significantly reduce your power usage and save money on your energy bill follow our top tips for maximising the efficiency of your current hot water system.

Choose The Right Sized Hot Water System

The very first step in saving money on hot water is choosing the right sized hot water system for your home. It is important that your hot water system is correctly sized for your needs in order to reduce the amount of money you are spending on heating water. If you have a hot water tank that is too large for your needs, you will constantly be paying to heat a full tank of water whilst only using a portion of it.

Conversely, if you choose a hot water system that is too small for your needs you will constantly be running out of water and will potentially have to wait hours until a new tank of water is heated for the hot water to come back on. 

Upgrade Your Existing Hot Water System

Another way to save money on hot water is by upgrading your old hot water system. If you still have an electric storage hot water system it’s time to consider upgrading to an instantaneous gas hot water system. Instantaneous gas hot water systems heat water on demand. This means that, unlike storage hot water systems where you will be paying to keep a tank of water heated 24/7, you will only be paying to heat the water you need, when you need it.

Additionally, if your hot water system is more than 10 years old it’s time to start thinking about replacing it. Hot water systems lose efficiency over time and, after 10 years of heating water, it is likely that your hot water system is using extra electricity due to its loss in efficiency.

Plus, hot water systems only have a standard lifetime of around 8 - 12 years. So replacing your hot water system now could save you the inconvenience of waking up to a broken down hot water system, as well as potential damage caused by it.

Whether you need to replace your old hot water system or you just need some advice, Rapid Hot Water has you covered. With years of experience, our qualified tradesmen can assist you with all your hot water needs.

Next article The different types of hot water systems