
If you're building a new home or refinancing the economics are ever more attractive. Including the price of a solar water heater in a new 30 year mortgage usually amounts to between $13 & $20 per month. The federal income tax deduction for mortgage interest attributeable to the solar system reduces that by about $3 - $5 per month. So if your fuel savings are more than $15 per month the solar investment is profitable immediately. On a monthly basis, you're saving more than you're paying.
Rebates and incentives drmatically lower the cost of a Solar Hot Water Heating system.
- Federal Tax Credit
- State Rebates and Incentives
- Utility Company's Rebates and incentives
- Your City or Muncipality may offer rebates and incentives
|