← Back to incentive calculators
Victoria Live register data

VEU: Commercial HPWH 44 [VEEC]

Every commercial heat pump water heater system on the VEU Register of Products, with the VEECs it creates under Activity 44. Switch between replacing gas, replacing electric and a new install, filter by system size, and see the refrigerant credit each model carries.

Systems are registered against a commercial peak load, so the largest numbers here simply belong to the largest systems. Use the peak load filter to compare systems of a similar size.

What does the heat pump replace?

Decommission an existing gas water heater or boiler serving a commercial building.

Brands

Sets your zone and network region.

EnergyAE reference price.

Storage tank
Peak load (MJ/day)
to

Where the new heat pump is larger than the system it replaces, both schemes scale the certificates by existing ÷ new. Leave blank to assume matched capacity. The register does not publish each model’s rated capacity, so this applies to every row equally.

Metropolitan and regional installations claim the same number of VEECs under the current specifications.

EnergyAE reference VEEC price, reviewed 2026-07-07 (live market feed unavailable). Edit to model a different price.
Models listed
150
of 150 on this board
Brands
7
7 registered
Melbourne (Z4) range
21 to 2,138
Median 414 VEECs
Median value at $85/VEEC
$35k
Per installation, replace gas

How the register is spread in Melbourne (Z4)

every registered model

Scroll the table sideways to see every zone.

#
12,1381,76312,307
21,9271,7818,900
31,9171,6678,865
41,915—13,468
51,8551,6698,584
61,7001,4987,995
71,6651,4777,663
81,6151,4167,462
91,5591,4157,236
101,4641,3897,236
111,4531,2916,689
121,3171,1898,095
131,3161,1247,501
141,3021,1887,120
151,2581,1577,486
161,2271,1037,469
171,2181,1055,707
181,1871,0935,452
191,1631,0637,317
201,1511,0476,354
211,1119805,142
221,1029935,113
231,0989785,131
241,0949685,400
251,0699716,428
261,065—7,465
271,0659225,286
281,0319264,798
291,0209304,793
30979—6,811
319707586,231
329238305,120
339148115,737
34905—6,241
359037924,176
368637765,597
378587784,029
388277163,843
39826—5,590
40825—5,864
418256004,815
42800—5,695
437927123,681
44788—5,474
457806954,785
46779—5,521
477666765,118
487285874,807
497276714,014
507066324,385
516805623,949
526335732,960
536295523,410
54618—4,212
555905292,748
565875202,710
575865223,823
585755323,613
595525133,414
605484413,620
61531—3,715
625244602,839
635234772,966
645034562,799
654884453,158
664543202,650
674523182,650
684493992,508
694493012,680
704493012,680
714443352,630
724443352,630
734213822,503
744193682,272
754143652,710
76413—2,935
774023881,889
783972882,865
79393—2,729
80386—2,657
813863462,470
82383—2,598
833663182,255
84359—2,443
853423082,148
863403061,577
873332962,088
883293141,518
893142761,705
903132871,445
91287—1,941
922752491,295
932341831,400
942341811,400
952251481,330
962231481,320
972191471,310
982191421,310
992101841,136
1002041511,319
Showing 100 of 150

Every figure is computed from the VEU Register of Products, snapshot 2026-10-07, read again on each site build (2026-10-13). Certificates are created per zone against the one climate zone an installation sits in, so the zone columns are alternatives and there is no total to read across them. Sort by the zone you are installing in.

How these numbers are calculated

Equations 44.1 to 44.3 of the VEU Specifications 2018 v25.0. RefElec = 365 × 0.905 × 1.05 × CPL ÷ 1000, then the activity’s reference term less GEF × HPgas less EEFm × HPelec ÷ 3.6, all × CapacityFactor × LoadFactor × Lifetime, plus the refrigerant credit.

Constants: GEF 0.05523, EEFm 0.393, replaced-system efficiency 0.788, new-system efficiency 0.85, refrigerant factor 5 × 10⁻⁴ against a 1430 GWP baseline.

The LoadFactor is 42 × N ÷ ComPeakLoad, capped at 1, wherever average heat pump capacity (total capacity ÷ number of heat pumps) is below 10 kW, and it applies to all three activities. It is applied to every model whose register row publishes a heat pump thermal capacity and heat pump count, and skipped on any row that does not, which is disclosed against that row. Where it bites it is large: systems built from several small heat pumps on one tank can earn under a fifth of what their modelling alone suggests.

Lifetime is 15 years where a new storage tank is installed and 10 where the existing tank is reused. CapacityFactor applies to the two replacement activities only: 1 where the new heat pump is no larger than the system it replaces, otherwise existing ÷ new.

Products are listed under the brand and model number they carry on the register, which is not always the name a product is sold under. Source: VEU Register of Products.

These are estimates for comparison and business-case purposes. A lodged claim depends on the installation, its climate zone, the product’s eligibility on the day the certificates are created, and the scheme rules then in force.

Your product is not on the register yet

Getting a heat pump water heater onto these registers means AS/NZS 4234 modelling, AS/NZS 2712 certification and a scheme application. We run that process end to end for manufacturers and importers.

Request a quote

Your product is listed and the figures look wrong

A registered figure reflects the system as it was modelled and declared, including its control settings and tank configuration. If it does not match how the unit is built or sold, it needs looking at.

Talk to our team →