Quokka2 wrote: Before deciding to "solarise" my not-so-old element HWS instead. One thing that influenced my decision was the ease with which it replaced an older unit when the tank failed - if that had been a heat pump it would have cost me a real bundle as I don't believe you can just replace the tank, and the difference buys an awful lot of electricity.
This raises a few interesting points.
If your current off peak electric HWS is working fine, the lowest cost option would be to keep it.
Solar can be retro fitted to any existing storage HWS, by fitting a small hydronic circulating pump and a differential temperature controller along with some solar panels capable of running at full mains water pressure.
Solar heat is added during the day, and off peak power makes up any shortfall at night.
This works best where the storage tank is fairly large, and hot water usage is not that high.
The tank can sit at ground level and run at full mains pressure.
I did this once in Melbourne, and the payback period through energy savings was about eight years.
Payback period should be even shorter in NSW or Queensland.
For higher hot water usage, a more efficient system would be to fit a second HWS in the cold water feed to the existing main off peak electric HWS. This second HWS is used as a preheater for water going to into existing HWS, the internal heating element in this preheater is normally left switched off.
This can potentially double your hot water storage capacity at minimal cost, and because the preheater always works with lower temperature incoming water, it will be much more efficient at trapping solar heat.
Even in frigid cloudy mid winter, a solar preheater can easily gain 10C to 20C temperature rise, which is a direct energy saving no matter what else you use to heat your water up to final temperature.
In mid summer if it constantly boils, simple covers can be fitted over some of the collectors.
Its stone age technology compared to a high tech heat pump, but it can be very cost effective, and possibly a do it yourself project for the more adventurous.