Hot Water Systems in Haymarket
The 2000 postcode, covering Haymarket, Darling Harbour, Barangaroo, Dawes Point, Millers Point, Parliament House, Sydney, Sydney South and The Rocks and surrounding areas, is home to around 15,345 households. With many households already generating their own clean solar power, many are now looking at how they can make their entire home energy system more efficient, with hot water heating often the logical next step.
With hot water roughly accounting for a quarter of the average home's energy use, switching to an energy-efficient hot water system is one of the biggest opportunities for savings. Across Haymarket and the 2000 area, 10 homeowners have already switched from older electric storage and gas hot water systems to solar hot water or air-source heat pump systems that draw on clean, renewable power while also claiming the hot water rebates to reduce their hot water heater system cost. These highly-efficient systems not only help cut energy bills but also reduce carbon emissions and improve overall energy independence.
With Haymarket's climate delivering an average of 4.5 kWh/m² per day, conditions are ideal for hot water systems and hybrid heat pump systems that harness both sunlight and ambient air temperature to heat water efficiently all year round. When paired with existing rooftop solar power or solar batteries, the result is hot water that costs far less to run and is powered by clean, self-generated energy.
Hot Water Ranking
Postcode 2000
570th
State Wide
2321st
Australia Wide
Hot Water Installation Haymarket
Estimated daily energy to heat household water, comparing a resistive electric element with a high-efficiency heat pump. Demand shifts month-to-month using local climate patterns.
Energy Efficient Hot Water & Solar Power Haymarket
* Data from the Bureau of Meteorology. Closest station: N/A.
Solar Powered Hot WaterHaymarket
Illustrates how a typical 6.6 kW rooftop solar system can offset the daytime energy demand of a COP 5 heat pump hot water unit.
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Heat Pump Hot Water Systems for Haymarket
Compare heat pump hot water systems suitable for Haymarket's climate. These energy-efficient systems are designed to work in local temperature conditions and can significantly reduce your hot water energy costs.
Community Hot Water Statistics - Haymarket, 2000
Hot Water Demographics - Haymarket
Based on the Australian Bureau of Statistics 2021 Census (ABS), Haymarket has around 15,345 private dwellings, home to approximately 24,645 people. With an average household size of 2.1 people, and around 50 litres of hot water used per person each day in Australia, Haymarket households use approximately 105 litres of hot water daily, equating to a massive 1.6 million litres of hot water used across the suburb every single day.
Other census insights reinforce Haymarket's suitability for energy-saving improvements like energy-efficient or solar-powered hot water. The Haymarket community is home to 789 couple families with children and 190 one-parent families, meaning a large proportion of households face substantial hot water demand. With 1,286 homes owned with a mortgage and 1,598 owned outright, many residents also have the homeownership and growing equity that make switching to efficient hot water systems a practical way to lower expenses.
Haymarket is converting hot water demand to efficient systems faster than many peers, with 0.1% of dwellings already upgraded.
Hot water systems in Haymarket
In Haymarket, hot water is a big part of everyday comfort, whether you are in a compact studio apartment or running a busy restaurant or student share house. With rising energy costs and a mostly apartment-based population, more locals are looking at an energy efficient hot water system – especially heat pump hot water, solar hot water and modern electric hot water options – to cut bills without sacrificing long showers.
Haymarket gets strong sunshine for an inner-city suburb, with average annual solar exposure of around 16.4 MJ/m² a day, or roughly 4.5–4.7 kWh/m² per day. That is plenty to drive a solar hot water system or boost the efficiency of a heat pump hot water system, especially in buildings that already have good rooftop solar access. With an average household size of 2.1 people, a lot of young professionals and students, and median household income over $2,200 a week, upgrading from old gas or ageing electric units to a modern hot water system is a logical next step for many owners and strata committees. Annual hot water energy savings can be substantial when you move to the most efficient hot water system technology.
In the 2000 postcode, most of the 11,000+ dwellings are apartments, many rented, but there is still a solid base of owner-occupiers who can influence building upgrades. Hot water energy use often makes up 20–30% of total household electricity, so choosing the best hot water system Australia has for your situation really matters. For some Haymarket buildings that are already moving away from gas, the choice often comes down to heat pump vs solar hot water, or solar hot water vs electric hot water with rooftop PV.
Average bill savings from a smart hot water upgrade in Haymarket typically fall in these ranges:
• Old electric to a quality heat pump hot water system: $350–$700 a year • Gas hot water to heat pump hot water: $250–$600 a year • Gas to a well-designed solar hot water heating system: $300–$650 a year • Old electric hot water to modern electric hot water system with solar PV: $250–$500 a year
Brands like Rheem heat pump hot water and Rheem solar hot water are common across Sydney, along with Rinnai solar hot water, Sanden heat pump and Chromagen solar hot water systems. Each has options to suit apartments, commercial tenancies and mixed-use buildings. The right hot water installation might be a compact heat pump on a balcony, a centralised solar hot water tank replacement on the roof, or a high-efficiency electric hot water installation tied to a building’s existing solar.
Recent installs in Haymarket show the trend is under way. There have been 10 efficient hot water installations recorded in the 2000 postcode, combining heat pump hot water installation and solar hot water installation projects. Activity picked up particularly around 2008–2011 and again in 2017 and 2019, reflecting growing interest in electrification, lower running costs and more sustainable hot water NSW wide. While that number is still small compared with total dwellings, it signals a clear shift toward energy efficient hot water system choices and away from older gas hot water.
Hot Water Rebates, Tariffs & Savings
Across Haymarket, more owners and strata managers are now asking whether to choose an electric hot water system vs gas hot water, or to invest in a heat pump hot water system or solar hot water system that can run largely on cheap renewable energy. Federal incentives such as Small-scale Technology Certificates (STCs) apply to eligible heat pump and solar hot water systems, effectively acting as an upfront solar hot water rebate or heat pump hot water rebate. NSW programs can also support efficient electric hot water system rebate offers at times. These hot water rebate NSW incentives can reduce the upfront hot water system price or solar hot water price cost by a significant percentage, especially when combined with retailer discounts. For many Haymarket households, that means a heat pump hot water price cost or solar hot water price cost that pays back in as little as three to seven years through bill savings. Add smart timers or solar diversion so your system heats water when rooftop solar is producing, and you can squeeze even more value out of your energy efficient hot water system. And if anything goes wrong, local hot water repair and solar hot water repair specialists can keep your system running smoothly.
If you are in Haymarket and your current unit is ageing, noisy or running on expensive gas, now is a good time to see whether a heat pump hot water system, solar hot water system or efficient electric hot water system is right for your apartment or business. Talk with experienced hot water installers like us who understand local buildings, strata requirements and hot water NSW regulations. We can help you compare heat pump vs solar hot water, look at hot water system price cost and rebates, and choose from proven brands like Rheem, Rinnai, Sanden or Chromagen. With Haymarket’s strong solar resource and growing interest in sustainability, the right hot water upgrade can cut your bills, reduce emissions and future-proof your property – connect with our trusted local experts for personalised advice today.