Cost Of Solar Hot Water Heating Systems

How much can you save with solar water heating.

Cost of solar hot water heating systems.

The cost of a solar water heating system the average solar water heating system can cost between 6 300 and 7 200 depending on the tank size and need. The federal income tax deduction for mortgage interest attributable to the solar system reduces that by about 3 5 per month. In addition solar hot water systems with gas boosters can cost around 500 to 1 000 more compared with their electric booster counterparts. Active solar heater systems.

Including the price of a solar water heater in a new 30 year mortgage usually amounts to between 13 and 20 per month. Electric systems cost 1600 per year. Off peak electric hot water systems cost 1000 per year. Solar hot water systems are not stand alone systems.

Further split systems are more expensive than roof mounted hot water storage tanks. On average a larger family will pay these prices for hot water. Solar power hot water systems range in price from about 3000 to 7000 fully installed. Heat pump hot water systems range in price from about 2700 to 5000 fully installed.

Solar water heating systems can achieve savings on your energy bills. So if your fuel savings are more than 15 per month the solar investment is profitable immediately. The cost of installing a typical solar water heating system is 4 000 5 000 including vat at 5 per cent for 3 6m 2 system. They usually have a gas or electric backup system so hot water is always available.

Since the storage area can hold much more heat and is equipped with an internal electric or gas backup the possibility of running out of hot water after several cloudy days is nonexistent. Cost of solar hot water systems what might a solar hot water installation cost you upfront. We help to make getting a solar water heating system installed in your home both easy and affordable. Active solar water heaters cost 2 000 to 4 000.

For comparison non solar hot water systems generally cost anything from 300 to 2 000. A typical system will cost between 2500 and 5000 but a big portion of this cost is down to scaffolding and plumbing work. Lpg gas costs about 1100 per year. When you factor in savings from the 30 residential investment tax credit itc you re looking at an estimated price of 6 300.

Therefore it s a good idea to have solar water heating fitted during repair work on your home or integrating it into the system in the construction of a new house. They require solar collectors and a heat storage area. On average a full system will cost approximately 9 000 before rebates and incentives.