SOLAR HOT WATER
Save money, invest in your building/home, and reduce your carbon footprint. Lots of people are talking about ways to lower energy bills and reduce their impact on the environment. With a solar hot water system you can do something about it very easily.
The fact is, conventional water heaters waste significant energy accounting for 14%-25% of the energy consumed in your home and they also pollute. Solar energy is a free, unlimited resource that doesn't produce any harmful emissions.
As a renewable energy source, solar energy is one of the cleanest, most cost-effective solutions to heating your water.
A year-round solution, no matter where you live. Our solar hot water system works all year long, even in areas with less sun and lower temperatures.
Tax credits and rebates. The new federal tax law provides a 30% tax credit on residential solar hot water systems, and a NY State tax credit of 25% ($5,000 cap) which could save you thousands. In addition, depending on where you live and how your heat your water, you may also be eligible for utility rebates.
See a return on investment in 3 to 7 years. Your water heating bill is projected to drop 50%-80% upon installation, and you won't ever have to worry about fuel shortages or fuel hikes again. Between tax credits and energy savings, our system quickly pays for itself.
HOW IT WORKS:
How a conventional hot water system works: With a conventional hot water system, you're paying to heat a large tank of water - 50 gallons on average - day and night, whether it's needed or not. Not only do you waste energy, you waste money!
How our solar heating system works: With a streamlined appearance that hugs the roofline, our solar hot water system provides an aesthetically pleasing design, that looks like a skylight. The system utilizes the sun's free energy all year long, even in areas with less sun and lower temperatures. Here's how it works:
1. The sun heats up liquid inside the solar panel collectors
2. The controller pumps hot liquid to the water tank
3. Hot liquid heats up the water inside the tank
4. Hot water is available for household use 24 hours a day, 365 days a year
Not only is there no waste, this simple process helps dramatically lower your water heating bill an estimated 50%-80%.
WHAT YOU SAVE:
Sample 2 Panel Electric Solar Domestic Hot Water System
Total System Price Fully Installed: |
$12,278 |
Utility Incentive |
NA |
TAX CREDITS: |
|
Federal |
-$3,683 |
State |
-$3,070 |
Year 1 Depreciation & Rebate & Prop. Tax Benefit: |
NA |
Net Cost of System After All Incentives: |
$5,525 |
Finance For Only: |
$109/month |
Estimated Life of System |
15 Years |
Estimated Lifetime Energy Produced by System |
NA kWhs |
Net Cost of Renewable Energy |
NA /kWh |
Current Average Cost of Utility Power |
NA /kWh |
ESTIMATED SAVINGS & RETURN |
|
Lifetime Savings |
$21,039 |
Annual Return on Investment(IRR): (after tax!) |
20% |
Greenhouse Gases Saved Over Life of System |
NA lbs. |
Notes:
Above is an example and not a specific offer, actual prices and savings may vary
All quotes vary based on client site, equipment, and needs, call for a quote
GreenLogic is not a tax advisor and clients must consult their own tax advisor to determine how incentives and taxes impact you
Incentives, taxes, and output shown are not guaranteed by GreenLogic
Output estimates are based on manufacturer's name plate ratings, historical solar statistics, and industry standard degradation losses
Savings assumes 5%/year increase in utility power cost
