Hi All,
Keen to hear your thoughts on this topic. Lately I have been going energy reduction mad to work out what would be best for our home.
I have looked into:
- Windows: some form of double glazing alternative i.e. magnetite. We have heaps of large windows in our house. The heat goes straight out of them without thick curtains. Conclusions = way too expensive. Pay off time centuries.
- Lighting: we have old style 12v 50w halogen down lights that the previous owner put in before there was such focus on being green and soaring electricity prices. Conclusions = looking at replacing all of them with low wattage 240v but need to look at price. I think we have 60 downlights.
- Solar panels: still under investigation
- Turning off as many things at the power point: I’ve got some remote control power points that I can flick off the power to a whole plug board which is handy for the study and the electronics in the lounge.
Which leads me to the last thing: solar hot water. We have an electric system that is at least 7.5 years old so I looked into the newer style evacuated tubes for solar hot water. I have been told by the person who quoted me that my current hot water system is most likely accounting for 30% of my electricity bill.
I was quoted $6392 for an Apricus system (30 tubes with 315l Apricus Glass Bottom Element Tank) with installation, not including rebates. The rebates work out to be $1870 less. Bring the total to $4522.
I rounded up all by electricity bills for the last two years (with usage pretty consistent across both years), we are averaging 20.6kWh per day. A 30% reduction in electricity would mean 14.4 kWh per day. Currently the electricity plan I am on charges $0.15598 Inc GST per kWh. That works out be a reduction of $352 per year (20.6 * 0.3*365*0.15598). At that rate assuming no increase in the kWh (yes I know that’s unrealistic) and assuming our electricity usage does not change, that means it would take 12.8 years to pay off. Now if I try be more realistic and factor in a 3% rise every year for the per kWh rate, even then it would take just over 11 years to pay off.
Now I know it is not just about the money. I know that I would be helping along with doing my part to reducing CO2 emissions so don’t get me wrong but 11 years!
If I were to simply leave the cash in the bank, in a 7% interest bank account for 11 years it will have more than doubled (from $4522 to $9518) and will always outperform the savings of the system.
Are my sums wrong am I missing something? Is 30% reduction not real? Is my quote too expensive?
Thanks in advance for any help


