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Solar Hot Water System Economics


The economics of a solar hot water system depend on several factors: the amount of hot water you use, the type of fuel you use, and where you live.

The tables below layout sample economics for typical households. A Sunshine Solar technician can provide a tailored economic analysis for you.

New York:

Natural Gas Customer or Heating Oil Customer
Solar Hot Water System Price   $12,000
Federal Tax Credit (30%)   $3,600
NYS State Tax Credit (25%)   $3,000
Net Price   $5,400
Expected Return on Investment   19.0%