Saving big money on hot water in 30 seconds
Did you know that the Australian government is phasing out the use of electric hot water systems?
They have decided that it is not economically viable and are pushing the public to opt for solar hot water instead.
The cost of energy is also rapidly increasing, making solar panels for heating your water a much cheaper option – potentially saving you up $700 a year in energy costs – simply by switching how you heat your water. In fact, over 10 years – your household could save around $11,500 based on our figures below.
$4000 in rebates to save you money
To introduce this new scheme, the Government and Modern Solar are offering up to $4000 in rebates to subsidize the cost of installing solar hot water heating. Considering that electric hot water systems account for around 28% of home energy use, I will definitely be moving to solar hot water in the coming months.
How much will this save you?
Electricity and energy costs are increasing year on year. The potential saving for 2010 is around $700 and assuming that year on year electricity prices go up by $100, over the course of 10 years you will have saved around $11,500 on electricity costs. Definitely worth 30 seconds of your time to submit a request.
Why use Modern Solar?
A number of readers have submitted tips around using Modern Solar to reduce electricity bills, in fact – last week alone we had a number of readers tell us that they were halving their electricity bills by switching.
Modern Solar also offer hot water systems that cater to all budgets, small too big. Everyone should find a figure they are happy with I am told.
Check out Modern Solar.
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