Gas Hot Water to Heat Pump Cost in Melbourne (2026): Rebates, Savings & What to Expect
π Original Article: https://greentastic.com.au/gas-hot-water-to-heat-pump-cost-melbourne-2026-rebates-savings/ Introduction: Why Melbourne Homeowners Are Switching from Gas to Heat Pumps With energy prices rising and Victoria moving toward electrification, more homeowners are replacing gas hot water systems with heat pump technology . In 2026, this upgrade isn’t just environmentally smart—it’s one of the most financially rewarding home improvements , thanks to strong government rebates and significant ongoing savings. How Much Does It Cost to Replace Gas Hot Water with a Heat Pump? The cost depends on system size, installation complexity, and your eligibility for rebates. Typical Cost Breakdown (Melbourne 2026) Before rebates: $3,000 – $6,500 for a heat pump system After rebates: Often $0 – $2,000 out-of-pocket for many households General hot water replacement range: $1,450 – $4,300 depending on system and installation π In many cases, rebates reduce the upfront cost so much t...