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Solar Water Heating

Does solar water heating make cents?

  

Solar water heating is getting lots of attention in many parts of the country.  System prices have come down and performance has gone up.  Rebates and tax credits further the solar option attractiveness.

A standard, residential, tank-type water heater costs about $750-$1,000 installed.  Compared with the $6,500 estimated installed price for Rheem's solar water heating system, that's a big difference.  A 30% federal tax credit reduces that installed cost to $4,550-still $3550 - $3800 more than the conventional water heater.  

For illustration purposes, we'll say the solar system is $3,700 more, adding less than $20/month to a mortgage payment, based on 5% APR for 30 years.  But using the nifty calculator Rheem® offers on their website (www.rheem.com) the estimated monthly utility savings for our local Omaha, NE market is $27.  You would be money ahead the day you moved in-and enjoying even more savings as utility rates increase!
Rheem® - Solar Water Heaters and Calculator
 

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