Yes. Having a water tank does save you money. After your initial investment in purchasing and installing the tank and harvesting system, the only outlay is a small amount for tank maintenance and a small amount electricity to power a water pump, if you have one.
Considering durable steel water tanks can last 20+ years, it’s definitely worth the investment in the long term.
Water prices continue to rise, and without even factoring this in, the cost of town water over the course of 20+ years will far outweigh the cost of a water tank.
How much can you save
In urban and city regions, Sydney Water¹ states with a correctly fitted tank, you can save up to 40% off your drinking water supply alone, which equals more than $200/year off your bill.
Later, when you factor in lower water bills due to less consumption (caused by having water available), along with the cost of a tank versus the cost of buying water every day, the financial benefits of having a water tank becomes even more dramatic.
As we’ve highlighted in an earlier article, the initial investment and benefits of water tanks are tremendous! In fact, if you are really serious about making money with your home, one of the best things you can do for yourself is to get yourself a water tank.
You see, having a water tank in your home makes it much more valuable. More people will pay you a higher price to buy your home, if they know you have a water tank already installed and actively harvesting water.
This doesn’t mean you have to spend a fortune on a water tank, either. Installing the right size tank for your household will be the best and cheapest option, and our specialist team can assist you in choosing.