Over 1.5 million Americans have invested in solar hot water
systems for their homes and businesses, with over 94% of these
customers considering the investment a wise decision.
The power saved by all the solar hot water heating and pool
heating systems currently installed in the U.S. is equivalent
to 9 megawatts per year, or the annual output of a typical nuclear
powerplant.
A business can realize savings of 40 - 80% on electric or fuel
bills by utilizing a solar water heating system to replace its
conventional water heating system.
Prices for a complete water heating system range from $2,000
to $4,000. The life-cycle cost of a water heating system
is at least 20% lower than a conventional water heater.
When a solar hot water heating system is included in the financing
for a new home, the typical cost of the system ranges from $13
to $20 month and because the system is included in the
home's mortgage, the homeowner can take advantage of a federal
income tax interest rate deduction.