How long is the payback period on a solar hot water system?
The payback period is dependent on how much energy bills rise in the future. The average gas bill has nearly doubled in three years and electricity has risen by sixty per cent. Fossil fuels are running out, therefore the long term trend can only be a continued rise in energy bills. Investing in Solar Energy provides the unique opportunity to safeguard against these rises by purchasing energy at today’s prices! There are also a Government grants available for certain installations so in many cases payback can be as quick as 5-7 years.
