Solar water heating systems use clean, free energy from the sun to heat your hot water, which accounts for about 15 to 20% of your home’s energy.
Renewable energy systems do have an up-front installation cost of $3,000 to $,6000 but you’ll enjoy an instant reduction on your utility bills. Keep in mind that these systems are not designed to provide 100% of your home’s water requirements because of the amount of cloudy days in a year.
You can expect them to meet between 50 to 75% of your hot water needs, so having a backup water heater is a necessity.
Tax credits are available for qualified solar water heating and photovoltaic systems.
The credits are available for systems placed in service from January 1, 2006 through December 31, 2016. The tax credit is for 30% of the cost of the system, up to $2,000. After December 31, 2008, this $2,000 cap will be removed for photovoltaic systems (but not solar water heaters).
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Christine Cooney
Christine has over a decade of experience as a house plan and floor plan expert. Outside of providing her expertise to customers to help them find and build their dream homes, her passion and knowledge of the home building industry allows Christine to guide families and builders through all of the important steps from finding plans to building custom homes that meet the expectations of today’s new home owner. Christine’s years of knowledge of the diverse trends and needs of the modern homeowner has made her into an authoritative and trusted voice in the online house plan community.