ARE SOLAR WATER HEATERS COST-EFFECTIVE?
Yes. Start up will cost you; typically $4,000+ for a smaller system all the way up to $20,000+ for larger systems. That said, solar water heaters are one of the most cost-effective investments a home owner can make because solar, after initial costs, is free energy. When you figure that the typical household uses 20%+ of it’s energy just for water, you can see how the savings will add up over time. According to the DOE, a typical existing home will see water heating bills drop 50%–80% if a solar water heater is installed. Also, because the sun remains free, you won’t be subjected to later energy cost hikes. If you build a new home, you’ll save more than if you install one in an existing home. According to the DOE… “Including the price of a solar water heater in a new 30-year mortgage usually amounts to between $13 and $20 per month. The federal income tax deduction for mortgage interest attributable to the solar system reduces that by about $3–$5 per month. So if your fuel savings are
