So What Does All This Cost?!?
Solar thermal systems are financially very attractive investments. They pay for themselves extremely quickly, they can last for decades, and they require a minimal up front cost. With the federal and state programs available for finaincing assistance, it's a no brainer.
For a detailed description of both state and Federal assistance programs available visit www.dsireusa.org
A typical hot water system will cost about $6,000
After applying the tax credits offered in New York State and by the Federal government that cost is cut down almost in half to $3,150.
Now if you use the Energy $mart Loan Fund program this resolves to a monthly payment of about $32
How much do you pay for your monthly hot water bill???? If it's more than $32, you are immediately going to save money with a system like this!!!!
How about your home heating?
Imagine paying $32 a month for your domestic hot water and home heating!!!!
And. This payment schedule is only for 10 years, after that, its just money in the bank.
According to the American Gas Association, in 2004 the average American paid $450 per year to heat water electrically that’s more than what was estimated above as a monthly cost. Gas water heaters were more efficient at $258 per year.
What is Solar Thermal?
Solar Thermal Systems
Financial Information
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