If you install a solar hot water system today, you immediately start saving money and energy. Here’s how the savings breaks down:
Right away you’ll save:
- Up to 80% off your annual water heating bill
Going forward you’ll save:
- $3,000 in tax credits (Federal $2,000 + State $1,000)
- $20,000-$30,000 over the life of your system
- 4,000-5,000 gallons of oil or the equivalent
- 100,000 lbs of CO2 displaced
Your ROI:
Your return on your investment is 8%-10%. The system pays for itself in just 6-8 years and increases the value of your home.