{ "@context": "https://schema.org", "@type": "Article", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://www.bankaust.com.au/blog/{{slug}}" }, "headline": "{{title}}", "description": "{{desc}}", "image": "{{image}}", "author": { "@type": "Organization", "name": "Bank Australia", "url": "https://www.bankaust.com.au/" }, "publisher": { "@type": "Organization", "name": "Bank Australia", "logo": { "@type": "ImageObject", "url": "https://cdn.prod.website-files.com/64d5d5beb2a67e9491ecdff8/64d5d5beb2a67e9491ece00c_BA-logo-white.webp" } }, "datePublished": "{{datePublished}}", "dateModified": "{{dateModified}}" }
Skip to main content
Alert notice

Wednesday 4 November: Following the RBA’s decision to change the official cash rate, interest rates for owner-occupier, investor and commercial variable loans will increase by 0.25%, effective 19 November 2026. From 19 November 2026, deposit rates across the majority of savings products will also increase by 0.25%. Find out more.

2026-03-04 2:26 pm
Back to blog
Planet

Choosing appliances for your electric home

Photo journal

Renew’s Rachel Goldlust unpacks your options for electric appliances around the home.

This article originally appeared in the print edition of Renew magazine and is appearing here as part of Bank Australia’s support for Sustainable House Day. The opinions included are those of the authors.

When it comes to energy use in a household, there is both the “appliance energy use,” which is everything in the house excluding vehicles, and the “total energy use,” which includes both the appliances and the vehicle fuels used.

Household appliances and equipment account for an average of 30% of the total residential energy consumption in Australia. However, this proportion will vary by household depending on the climate, the types of appliances in the home, and the way they are used. The energy use per household of lighting, cooking and other appliances (whitegoods, IT, TVs etc) is fairly consistent across each state.

When weighing up the cost of your appliance, the initial price does not tell the whole story. An appliance isn’t a bargain (and it won’t be an environmentally sound purchase) if it only lasts a few years or requires regular repairs. You can save a considerable amount of money over time by looking at running costs as a ‘second price tag’ and choosing products accordingly.

A Kitchen

Many appliances with a less expensive purchase price may end up costing you far more over the product’s lifespan. Remember, refrigerators last between 10 - 20 years; clothes washers between 7 – 12 years (top loading), 12 – 20+ years (front loading); and air conditioners last about nine years.

When it comes to larger appliances such as those heating and cooling our air and water, the decision-making becomes slightly trickier. Most advocates for replacing and phasing out inefficient gas appliances are currently recommending waiting until the natural end-of-life of that appliance as the most sustainable and economically beneficial decision.

The two most popular and energy-efficient fully installed electricity-based heating options are reverse-cycle air conditioning and hydronic heating. Likewise, using a heat pump water heater provides significant efficiency gains over the old gas hot water boiler. Heat pump hot water systems are much more efficient than resistive electric water heaters which use an element, much like your kettle. On the existing electricity grid, the cost of water heating is roughly halved when using a heat pump compared to a natural gas water heater.

An induction stovetop is used to cook vegetables and boil water. A hand stirs the vegetables with a wooden spoon

If you cook often, the best tip is to look for a well-insulated electric oven. New induction cooktops are also far surpassing gas stoves for efficiency, as they ensure a more precise and even heat that can also save you money since the cookware absorbs the heat rather than the surface of your appliance.

Appliance selection can seem simple, but there is a fair bit to consider. There are several steps, the first of which is to list the requirements of the new appliance. Choose appliances and technologies that are the right size for your needs, and that use the lowest number of watts or megajoules. Avoid the lure of upgrading to bigger products or those with more features you may never use. It pays, for example, to refer to the energy rating of each fridge that you’re looking at.

Some people are concerned that the energy savings from replacing an old appliance may be cancelled out by the energy required to manufacture the new one. Studies show that the embodied energy is recovered within a few years as the best new models are much more energy and water-efficient than the appliances they replace.

The mandatory Energy Rating labels on all appliances help consumers identify the most energy-efficient products. The label generally shows a star rating from 1 to 6 stars: the more stars, the more efficient the product (but some appliances go up to 10).

Man sits on a couch, typing on his phone

There’s an Energy Rating app available for all types of phones, or you can go to the Energy Rating website and compare the efficiency of appliances. The rating is based on how much energy that product uses typically, compared with similar appliances. Appliances with the lowest annual energy consumption will typically have the highest star rating, but it’s best to compare all the specifications to ensure it will be the most energy efficient for you.

 

Renew is a membership non-profit organisation working to transform Australian homes for climate and energy resilience. It produces the quarterly print magazines, Renew and Sanctuary, full of stories, practical tips, journalism and research for amore sustainable home and lifestyle.

Renew also runs Sustainable House Day, which is back for 2024 with Open Homes on Sunday the 21st of April, as well as the highly successful online profiles. Get your tickets here to visit some of Australia's most inspiring homes and learn from the people who designed, built and live in them.

Related stories

Impact

How the Help to Buy Scheme helped one renter stay in the home she loved

For many renters, buying a home means leaving the community they’ve built. But for Katherine, the Australian Government Help to Buy Scheme meant she could stay put, buying the home she and her daughter were already renting.

People

How to electrify your home with free expert support

People

How 41 people came together to build their own community

News

Soft plastics recycling is back in Australia: what’s changed in 2026 and how to use it

People

How this Melbourne couple ‘cut their energy bills to $30 a month'

People

Sustainable apartment trends in 2026: An expert's guide

News

H5 bird flu has arrived in Australia: what to do if you see a sick animal and what it means for nature

Impact

Caring for Country: How the Nari Nari People are restoring a vital wetland

Money

How to turn your eco-friendly upgrades into a reduced home loan rate

Impact

Extreme heat in NSW rentals: Why Bank Australia is backing Sweltering Cities

We've partnered with Sweltering Cities to support renters in NSW dealing with extreme heat. Here's what the partnership involves and how you can get involved.

Impact

How to stay warm (and keep bills down) this winter

Feel like you’re constantly trying to stay ahead of the chill in your home? You’re not alone. Whether you’re renting, renovating or just trying to cut costs, here are an expert’s practical tips on staying warm and saving energy this winter.

News

Step inside: We’re supporting Sustainable House Day 2026

News

Partnering with Environment Victoria to support household electrification

We’re proud to announce our partnership with Environment Victoria, an independent charity working to build a thriving, sustainable society that protects and values nature.

Impact

The ‘growler’ at Wirey Swamp: A long-awaited frog call in Victoria's changing landscape

Last spring, a ‘chorus’ of growling grass frogs were heard at a Nature Glenelg Trust restored wetland for the first time, a hopeful sign for the vulnerable Australian amphibian.

Impact

A beach cleanup won’t solve marine pollution. We did one anyway. Here’s why it mattered.

A firsthand look at Bank Australia’s beach clean‑up with Parley for the Oceans, exploring where ocean plastic really comes from, why systemic solutions matter, and how recycled‑plastic bank cards support a more sustainable future.

Planet

How to cook without gas and cut energy bills

Gas prices keep rising, and while induction can feel unfamiliar if you grew up cooking on a flame, it’s easier than you think to make the switch.

Planet

Why speedy recovery after bushfires is critical for wildlife and local landscapes

The weeks after a fire can determine whether wildlife and landscapes recover - or whether damage becomes permanent.

Planet

Climate for Change is empowering Australians to act through climate conversations

Clara from Bank Australia & Climate for Change helps Australians talk about climate change, build confidence, and take action through guided conversations and MP engagement.

Planet

Caring for our conservation reserve

Bank Australia’s Wotjobaluk Country reserve protects 251 native plants and 283 animals, supports biodiversity and culture, and involves employees in conservation efforts.

Planet

7 spring gardening tips from a permaculture expert

Bank Australia customer Ben Shaw has been growing his productive permaculture garden for over ten years, and it’s a source of both food and joy. He shares seven tips for all aspiring green thumbs to apply to their own growing this spring.