{"version":"1.0","type":"rich","provider_name":"Figurepane","provider_url":"https://figurepane.com","title":"What would a heat pump save on hot water?","width":640,"height":850,"html":"What would a heat pump save on hot water?. A year of hot water from a full 300 litre electric tank, against a heat pump doing the same job, at EnergyAustralia's standing-offer rates in the Ausgrid area from 1 July 2026. A tank already on controlled load 1 (off-peak) costs about $1,004 a year, so a heat pump on the same CL1 circuit saves about $660 to $740. Against a tank on the normal rate the saving is about $1,130 to $1,270. Using less hot water scales every figure down.
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