iStore Heat Pump Prices in Victoria

A iStore hot water heat pump is $2,800 - $4,400 installed in Victoria before rebates. After Victoria rebates and federal STCs, most households pay around $0-$2,440 out of pocket. Australian company offering affordable integrated heat pumps. The iStore has gained popularity as a budget-friendly option, especially for households looking to maximise rebate value. Simple installation process.

iStore price in Victoria (2026)

Installed, before rebates
$2,800 - $4,400
VIC rebates + STCs
$1,960-$3,080
Out of pocket (after stack)
~$0-$2,440

Out-of-pocket assumes federal STCs plus Victoria's available rebate stack, applied by your installer at point of sale. Cheapest model: iStore 180L from $2,800.

5yr
Tank warranty
5yr
Compressor warranty
3.2
COP (efficiency)
50dB
Noise level

Victoria gas ban: why it matters for iStore buyers

From 1 March 2027, gas hot water systems in existing homes must be replaced with an efficient electric alternative (heat pump) when they reach end-of-life. Repairs are still allowed. New builds already banned from gas connections since January 2024. Rentals also face mandatory replacement of gas heaters.

With 80% of Victoria homes connected to gas, planning your iStore replacement now lets you claim rebates and choose your installer on your timeline.

iStore rebates in Victoria

Federal

Small-scale Technology Certificates (STCs)

Applied as a point-of-sale discount on your iStore system. Value varies by model and climate zone.

$560 - $680
estimated value
State

Solar Victoria Hot Water Rebate

Victorian homeowners. Household income threshold is $210,000 for applications submitted by 30 June 2026, dropping to $150,000 from 1 July 2026. Property value under $3M. Must use a Solar Victoria registered installer. Up to $1,400 for Australian-made systems.

$1,000 - $1,400
estimated value
Certificate

Victorian Energy Upgrades (VEU) Certificates

All Victorian households. Applied as point-of-sale discount by participating retailers.

$400 - $1,000
estimated value

iStore models available in Victoria

iStore 270L

$3,900 - $4,400
installed, before rebates
Capacity
270L
Running cost
~$400/yr
STC value
~$680
Noise
50dB

iStore 180L

$2,800 - $3,600
installed, before rebates
Capacity
180L
Running cost
~$340/yr
STC value
~$560
Noise
49dB

iStore prices across Victoria

Local pricing and free quotes for iStore in major Victoria areas.

iStore in Victoria: FAQ

How much does a iStore heat pump cost in Victoria?

A iStore hot water heat pump costs $2,800 - $4,400 fully installed in Victoria before rebates. After stacking those rebates, most Victoria households pay around $0-$2,440 out of pocket.

What rebates can I claim on a iStore heat pump in Victoria?

On top of federal STCs (worth $560-$680), Victoria households can stack Solar Victoria Hot Water Rebate and Victorian Energy Upgrades (VEU) Certificates, taking total rebates to $1,960-$3,080. Your installer applies the discounts at quote time, so you do not chase the paperwork.

How does the Victoria gas ban affect my iStore choice?

From 1 March 2027, gas hot water systems in existing homes must be replaced with an efficient electric alternative (heat pump) when they reach end-of-life. Repairs are still allowed. New builds already banned from gas connections since January 2024. Rentals also face mandatory replacement of gas heaters. A iStore heat pump is a compliant electric replacement, and planning the switch before your gas unit fails lets you claim the rebates and choose your installer on your own timeline rather than in an emergency.

Where can I get a iStore heat pump installed in Victoria?

PumpSwap matches you with local Victoria installers who quote on iStore systems. Submit one request and compare up to three quotes from installers covering your suburb, with rebates already factored in.

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