Hot Water Systems in Coral Bank
The 3691 postcode, covering Coral Bank, Kancoona South, Lone Pine, Mount Alfred, Wodonga Forward, Allans Flat, Bandiana, Baranduda, Barnawartha North, Bellbridge, Berringama, Bethanga, Bonegilla, Bungil, Castle Creek, Dederang, Ebden, Gateway Island, Glen Creek, Gundowring, Hume Weir, Huon Creek, Kancoona, Kergunyah, Kergunyah South, Kiewa, Killara, Lake Hume Village, Leneva, Lucyvale, Mongans Bridge, Osbornes Flat, Running Creek, Staghorn Flat, Talgarno, Tangambalanga, Thologolong and Upper Gundowring and surrounding areas, is home to around 4,416 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 Coral Bank and the 3691 area, 1,869 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 Coral Bank'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 3691
46th
State Wide
129th
Australia Wide
Hot Water Installation Coral Bank
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 Coral Bank
* Data from the Bureau of Meteorology. Closest station: N/A.
Solar Powered Hot WaterCoral Bank
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.
Want Solar Finance Options?
Compare lenders and get tailored loan offers.
Heat Pump Hot Water Systems for Coral Bank
Compare heat pump hot water systems suitable for Coral Bank'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 - Coral Bank, 3691
Hot Water Demographics - Coral Bank
Based on the Australian Bureau of Statistics 2021 Census (ABS), Coral Bank has around 4,416 private dwellings, home to approximately 11,340 people. With an average household size of 2.8 people, and around 50 litres of hot water used per person each day in Australia, Coral Bank households use approximately 140 litres of hot water daily, equating to a massive 0.6 million litres of hot water used across the suburb every single day.
Other census insights reinforce Coral Bank's suitability for energy-saving improvements like energy-efficient or solar-powered hot water. The Coral Bank community is home to 1,297 couple families with children and 188 one-parent families, meaning a large proportion of households face substantial hot water demand. With 1,981 homes owned with a mortgage and 1,333 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.
Coral Bank is converting hot water demand to efficient systems faster than many peers, with 42.3% of dwellings already upgraded.
Hot water systems in Coral Bank
In Coral Bank and across 3691, more locals are swapping old gas units and ageing electric tanks for modern, energy efficient hot water systems. With an average household size of around 2.8 people and more than 3,300 homes owned outright or with a mortgage, many families are looking for lower running costs and a smarter hot water system that keeps up with busy regional lifestyles.
Coral Bank is well placed for efficient hot water upgrades. The nearby Tawonga weather station records an annual mean solar exposure of about 16.3 MJ/m² per day, which is roughly 4.5–4.6 kWh/m² of sunshine daily over the year. That strong solar resource supports both a quality solar hot water system or solar hot water heating system and a high performance heat pump hot water system. When you upgrade from an older gas or electric hot water system, the annual hot water energy savings can be substantial, especially for families and larger homes in the area.
Across the 3691 postcode there are more than 4,100 occupied dwellings, many of them three and four bedroom homes, so hot water demand is steady. Hot water can easily be a quarter of a typical household’s energy use, which is why shifting to an energy efficient hot water system is such a logical next step after solar panels. Locally, homeowners are comparing heat pump vs solar hot water, looking at solar hot water vs electric hot water, and weighing up the best hot water system Australia can offer for their budget and lifestyle.
Average bill savings will vary, but these ranges are realistic for Coral Bank homes:
• Old electric to heat pump hot water system: $400–$900 per year • Gas to heat pump hot water: $300–$700 per year • Gas to solar hot water system: $250–$650 per year • Old electric to modern electric hot water installation with rooftop solar: $250–$600 per year
Brands like Rheem, Rinnai, Sanden and Thermann are common choices for local hot water installation and hot water repair. Many households are choosing a Sanden heat pump or Rheem heat pump hot water system for top-tier efficiency, while others prefer a Rheem solar hot water or Rinnai solar hot water setup, or Chromagen solar hot water and similar options, often paired with existing solar panels. For those wanting a simpler upgrade, a modern electric hot water system with a timer can still be an energy efficient hot water system when run on solar.
Recent years show just how strong the shift has been. In the 3691 area there have been 1,869 efficient hot water systems installed, including both heat pump hot water installation and solar hot water installation. Install numbers were tiny in the early 2000s, then jumped sharply around 2009, with steady growth through the 2010s. Installations peaked around 2021 and have stayed high since, reflecting Coral Bank’s growing interest in electrification, lower running costs and more reliable hot water VIC wide.
Hot Water Rebates, Tariffs & Savings
Across Coral Bank, more households are now replacing old gas or resistive electric units with efficient options like heat pump hot water, solar hot water and smarter electric hot water installation. Federal incentives such as Small-scale Technology Certificates (STCs) help cut the effective solar hot water price / cost and heat pump hot water price / cost, while Victorian programmes can offer a solar hot water rebate or heat pump hot water rebate, and sometimes an electric hot water system rebate for eligible homes. Together, these hot water rebate VIC schemes can reduce the upfront hot water system price / cost by a meaningful percentage, often bringing payback down to just a few years when combined with rooftop solar and smart controls. Using timers or solar diversion to run a solar hot water tank replacement or electric hot water vs gas hot water upgrade during the day can unlock even more savings.
If you are wondering whether a heat pump hot water system, solar hot water repair and upgrade, or straightforward electric hot water vs gas hot water switch is right for you, now is an excellent time to review your options. With Coral Bank’s strong solar resource and clear interest in sustainability, efficient hot water VIC wide is becoming the norm. Talk with our experienced hot water installers and local heat pump and solar hot water specialists to compare the best heat pump hot water system and solar hot water price / cost for your home, cut bills and emissions, and future proof your place. Connect with trusted local experts for personalised advice and see how a modern hot water systems Coral Bank upgrade could work for you.