Solar Water Heater Benefits
solar-water-heaterThe sun has a great effect on water that use can use for your advantage. Home, condo, and apartment owners have the ability to invest in new technology that can greatly reduce your water bill and gain ROI that you would not get with standard water heaters. Solar Panels use mirrors and lenses to heighten the rays of the sun to reach temperatures as high as 3,000 degrees. This can be used to create hot water that lasts a long time. These water systems involve installing a well-insulated storage tank that holds water that has been heated by the sun.
Hot water is one of the major biggest consumption of energy use along-side the heating and cooling unit. Efficiency is high with a solar thermal collector and can be used at any climate. 80% of the suns energy is used for the collector.
ROI (Return on Investment) for Solar Thermal Systems depends on the make and model of the system. Solar Water Heater system will drop the water bill around 50% to 80%. Since the sun is free and an unlimited resource, you are protected from future fuel shortages and price increases. With federal and state incentives for solar thermal units, the anticipated ROI is 4 to 7 years.
Solar Thermal Technology is the way to have a much faster return on investment than other types of solar energy systems. Lower first-time start-up costs than photovoltaic systems, and prices that beat traditional hot water heaters. One of the great things about it is, you may qualify for incentives that include:
- $2,000 for solar thermal installation
- $2,500 grant for Green Energy for solar thermal technology
- Up to 30% income tax credit on federal taxes