Solar Water Heater

Solar Water Heating is using the sun to heat water, thereby saving on you money on your gas bill by eliminating or reducing the amount of water that needs to be heated. It is cheaper to install than solar electricity and has a faster payback.

You need to do your homework first.  Find out how solar friendly your home’s location is, how much hot water you use, upfront costs, cost of fuel, tax incentives, and rebates.  Systems range in price from $7,000 – $10,000.  They should drop your water heating bills by 50 – 80%.  Water heating typically uses 15-25% of the energy consumed by a home. Federal Tax Credit is currently 30%.  Typical return on investment is 3 to 10 years. Those that live in cold winter climates may have longer payback times.

Energy.gov has information of estimating a  solar water heating system’s cost and payback.

The economics are even better if you are refinancing or building a new home.  You could roll the cost into your mortgage and write off the mortgage interest.

A better option for many folks is a Hybrid Water heater.

Related posts:

1. New California Solar Water Heater Rebate
2. Energy Efficient Eco Friendly Green Water Heater
3. Hybrid Water Heaters – GE GeoSpring Water Heater
4. Tankless Water Heater
5. Economic Payback on Solar Power Systems
6. Costco Solar Electric System Special Event
7. Solar Pool Heaters – Save Energy, Swim More Often
8. 2011 – 2012 Solar Tax Credit – Solar Rebate

Posted on September 10th, 2010
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