I thought instant gas was the next most energy efficient way to go? It's often used as the booster system on solar HWS. Maybe research the exact cost/L of hot water of each of the models you're interested in and how much that will cost you over a year. Then think about things like - how close the unit is to where you use the most hot water. You could think about installing a small instant HWS right near the laundry/kitchen rather than replacing the one you've got...you'd still have the off-peak water (if you think that's the cheapest for you) but also wouldn't be wasting all that water going cold in the pipes on the way to the kitchen/laundry.
Another alternative is to forgo the hot water system reabate in favour of the roof insulation rebate, if it applies to your situation (just thinking laterally here, it might not be a good idea depending on everything else).


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I say that about my washing machine EVERYTIME I do a load of washing (at least once a day). Ahhh, the simple pleasures.

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