Nedbank and Avo bring affordable, eco-friendly water heating to South African homes

In the average South African home, water heating via a geyser accounts for around 40% of the monthly electricity bill.

• The IHP geyser is now available on the Avo Supershop.

As Eskom’s electricity prices continue to rise, reducing the electricity used for heating your water makes perfect sense. But for most households, simply turning off the geyser isn’t an option.

The good news is that there’s now a simple solution to reduce the electricity used for heating water. It’s called an IHP geyser® (Integrated Heat Pump geyser).

This cutting-edge, energy-efficient water heating system is designed to slash your electricity bills while providing all the instant hot water you need.

Thanks to Nedbank and Avo, getting 1 of these money-saving devices is easy and affordable.

‘With electricity tariffs increasing each year, households need smarter solutions to manage their costs,’ says Dean Harvey, Executive of Beyond Banking at Nedbank.

‘The IHP geyser offers immediate relief by dramatically lowering water heating expenses. It’s a reliable, eco-friendly option that pays for itself quickly and then saves you money over the long term.’

Unlike traditional geysers that run for hours to maintain water temperature, and solar geysers that don’t heat water sufficiently in bad weather, an IHP geyser provides a steady flow of hot water while using very little electricity.

Powered by advanced heat pump technology and featuring cutting-edge 4-layer insulation, an IHP geyser uses just 0.63 kW of power to provide the same amount of hot water as a conventional system that consumes up to 3.5 kW.

The result is plenty of hot water and an energy saving of up to 84%, potentially lowering electricity bills by up to R1 300 a month.

The advanced IHP geyser technology ensures reliable temperature control and safety. There is no risk of an IHP geyser bursting, and the durable, stainless-steel construction means it can withstand harsh conditions and has an average lifespan of 10 years.

It’s also Wi-Fi enabled and equipped with smart technology, allowing users to control and monitor their geyser remotely through a handy mobile app.

The cost of an IHP geyser on Avo ranges from just R18 999 for a 100-l geyser to R25 199 for a 200 l geyser and R32 999 for a 300 l option.

Customers can also buy an installation voucher for R5 560 and have anIOPSA-accredited plumber install the appliance for them.

‘Homeowners who install an IHP geyser can expect a return on their investment within 9 to 18 months,’ Harvey explains, ‘and thereafter, that electricity saving will continue to benefit your household budget to the tune of over R15 000 a year.’

To help consumers afford the initial outlay for an IHP geyser, Nedbank offers flexible and affordable financing solutions to suit every budget.

Options include an interest-free instalment plan that allows you to repay the unit and installation voucher over 3 months, or a tailored Nedbank personal loan that can be repaid over a longer period at a competitive rate, providing flexibility for families on tighter budgets.

Beyond the significant cost savings, installing an IHP geyser is also a greener option for families who want to reduce their carbon footprint.

If just 10 000 households replace their traditional geyser with an IHP unit, South Africa could reduce its national energy demand by 34 GWh annually, which is equivalent to the yearly electricity usage of over 2 000 homes.

The IHP geyser isn’t just another appliance; it’s a game-changer for families looking to manage their energy costs in today’s challenging economic climate.

‘With Nedbank and Avo making it easy to access this technology, now is the perfect time to take the leap,’ Harvey says.

‘It’s not just about reducing your monthly expenses; it’s about making your home more resilient and sustainable and ensuring your family’s needs are met, whatever the future brings.’

The IHP geyser is now available on the Avo Supershop.