Considerations for Installing a Solar Hot Water Heater

With all of the news lately about fossil fuels running low many people are searching for green methods of running their homes. They are looking into solar, and wind energy. People are looking into purchasing hybrid cars, or smaller more fuel-efficient cars. If you want to save money and make your home a little greener, you might consider installing a solar water heater. Before you install a solar water heater there are some things you should consider.

The first thing to consider is the cost of purchasing and installing a solar water heater. It cost from $1,500 to $3,500 to purchase a solar water heater and have it installed. If you finance the purchase, those costs should also be added in. This will make your cost-to-savings ratio more accurate. This would be compared to $150 to $450 for a conventional system; most people will not have to finance this amount so those charges will not be calculated. What you will have to calculate is if the initial cost of the system will offset the savings you will see in utility cost.

The cost of your current type of water heating system will play a big part in your decision. A solar water heater will save you money. The amount of the savings will depend on how much hot water you use, your location, and how well your system performs. Typically, it will take four to eight years for a solar water heater to pay for itself. One of these systems will last twenty to forty years. This means you will receive free hot water for twelve to thirty-six years. When people see this fact many of them decide the initial investment is a wise one, you can see this by the growing popularity of the systems. According to government studies, there are as many as 1.5 million homes that are currently using this type of water heating system.

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