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INCENTIVES AND SAVINGS

 

Both the Salt River Project and Arizona Public Service give incentives for installing solar water heaters even if you have a gas or an older style existing solar water heater. These incentives are based on the independently tested kilowatt savings per year in the Solar Rating Certification Corporation’s OG-300 standards. And since we use only the highest rated systems available you receive the highest amount of incentive money.

In addition to the electric companies’ incentives there is also a State Tax Credit that pays for 25% of the system cost (up to $1000.00). There is also a Federal Tax Credit that pays for 30% of the system cost with no dollar limits.

This combination of incentives can leave you paying as little as 15% for our system. It amounts to the same, or just a little more than, the cost of a replacement gas or electric water heater. Of course, after the installation you start saving money immediately. So at the end of the first year of use (standard water heater vs. solar water heater) you will typically have a positive cash flow or a complete return on investment plus savings. It really is the best guaranteed financial investment that you will ever make.

An issue that people rightly bring up is what happens to their savings if there are expensive repair costs. We feel so strongly about the products we use and the quality of our workmanship that we give a full five year warranty on the complete system and an option for a full 10 year warranty. By full warranty we mean that all material and labor costs are covered. You are absolutely assured that you will have zero expenses during that time period, only savings, as well as for many years afterwards.

When people hear the word "solar" they often think of solar electric or photovoltaic (PV) systems where the sun’s light is converted to electricity which seems like free energy. As a result many people get excited about it and somewhat dismiss the benefits of Solar Water Heating. But the facts demonstrate that Solar Water Heating is dramatically more cost effective than solar electric and virtually everybody can afford it. Let’s give this example:

A 2.5 kilowatt solar electric/PV system will actually save you a little less in electricity than our Solar Water Heating system, but cost you five times as much! Environmentally speaking both will have equal benefits. When you consider that our Solar Water Heating system is only slightly more expensive than a standard water heater after the incentives, you know you can afford it. But if it were five times the cost for the same benefits (monetary and environmental) as is the case with solar electric systems, you would probably not want to pay for or be able to afford that investment. Why would you pay five times as much for the same result?

 

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