Estimating the Cost and Efficiency of Solar Water Heating

Solar water heating systems usually cost more to purchase and install than conventional water heating systems. However, a solar water heater can usually save you money in the long run. This repost from EERE Energy Savers explains why.

How much money you save depends on the following:

  • The amount of hot water you use
  • Your system's performance
  • Your geographic location and solar resource
  • Available financing and incentives
  • The cost of conventional fuels (natural gas, oil, and electricity)
  • The cost of the fuel you use for your backup water heating system, if you have one.

On average, if you install a solar water heater, your water heating bills should drop 50%–80%. Also, because the sun is free, you're protected from future fuel shortages and price hikes.

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