Savings

How much will a solar water heater cost? Prices vary depending upon the system design (type and size) installed. A recent survey of the solar contractor industry indicated prices generally range from $3,500 to $5,500. Comparison shopping is recommended. How much will it save me in energy costs? Typically, water heating accounts for 17 percent of a customer's energy bill. According to the Florida Solar Energy Center (FSEC), a solar water heater could save up to 85 percent of the hot water portion of the monthly utility bill. Therefore, a customer could save up to 15 percent of their energy bill. Are there other benefits to owning a solar water heater? Your solar system is an investment in your home. Most home improvements increase the value of your home. A solar water heater benefits the environment. By reducing your electricity demand, you can expect your system to save more than 25,000 pounds of harmful CO2 emissions over 20 years.