We’re helping to dispel the myth that going green with solar has to cost a lot. While it is often true that solar water heating systems may cost more to initially purchase and install than conventional water heating systems, a solar water heater can usually save you money in the long run — especially when you install it in conjunction with a whole home holistic energy solution.
How much money you save depends on the following:
The amount of hot water you use
Your system’s performance
Your geographic location and solar resource
Available financing and incentives
The cost of conventional fuels (natural gas, oil, and electricity)
The cost of the fuel you use for your backup water heating system, if you have one.
On average, if by installing a solar water heater, your water heating bills should drop 50%–80%. Also, because the sun is free, you’re protected from future fuel shortages and price hikes.
If you’re building a new home or refinancing an existing home, the economics are even more attractive. If you include the price of a solar water heater in a new 30-year mortgage it usually amounts to between $13 and $20 per month. The federal income tax deduction for mortgage interest attributable to the solar system can also reduce that by about $3–$5 per month. On a monthly basis, for years to come, you’re saving more than you’re paying.
Are you ready to experience the savings that are possible with solar yourself? Give us a call at 208-577-6537 today for your free solar estimate!
