I don't understand the analysis , and I am pretty good at understanding these things.
I did a "whole of life cost comparison" of element at Off peak 1 , bottled gas, and heat pump, and the element came out the best by a long shot.
I have been advised by a couple of electricians and plumbers not to touch the heat pump system as they are unreliable and that they do not work under about 4C.
The manufacturer's figures for energy usage for the heat pump produced MORE Kwh than when I did the actual calculation for my element system.
A lot have been sold for the RECs to sports clubs and caravan parks , and I recall the caravan park at Cape Hillsborough where they had 5 or 6 and only one was working at any time and it was noisier than a split system air conditioner which is what it is.
The heat pump also is very tall and would not fit under my house.
Your individual circumstances may well be different to mine, but you should do your own analysis before committing. I don't see any connection with solar power at all except for the RECs.
If you want the "feel good "factor that you are using less coal power, just remember that the generators have to turn all night anyway to run the light and refrigeration.
It would only be if your hot water system dropped the voltage in the grid so much that the producer had to start up a gas turbine or whatever that there is any incremental use of electricity. That is why they offer off peak.
Regards Philip A


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