Heating water in your home is one of the most energy consuming demands you have. The cost to heat water in your home is likely to be 25 - 30% of your total energy costs; it will be higher if you have more then four people in your home. This may mean that almost half of your electric bill or more than 40% of your gas or oil bill, will go towards your domestic hot water costs. Solar water heating is the easiest, most straightforward way to use the sun to save both energy and money. A residential solar hot water system will reduce the energy you require to heat your hot water anywhere from 60 to 80%.
Generous Federal Tax Credit
Your solar hot water system is eligible for a Federal Tax Credit of 30% of the installed cost of the system, up to a maximun of $2,000. This will substantially increase the return of your investment n the system.
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