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.
|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|
|Expected Return on Investment||19.0%|