How competitive is solar water heating, cost wise, against conventional water heaters?
It depends on several factors such as initial system cost, local fuel costs, and local rebates and incentives. Although solar has a higher initial cost than most other water heating systems, it can be very competitive over the long term. The cost of operation is considerably less than traditional tank type water heating systems typically, you will save between 50% and 80% compared to a traditional tank type water heating system.
