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Wednesday, April 10, 2013

The Best Investment Under the Sun

Planning spring renovations for your home? Consider installing a solar water heating system—one of the most economically beneficial (and greenest) improvements you can make. Not only will a solar water heating system pay for itself with energy savings and incentives, it can add to the value of your home, making it more attractive to potential buyers.

Solar Savings from Heliocol West
Enjoy big solar savings with a solar water heating system from Heliocol West.

Better Value than Photovoltaics (Solar Electric Systems)


When considering solar power, most people envision large, rooftop photovoltaic systems that produce a portion of the electricity used in their homes. Although solar electric systems are a great way to capture free solar energy, the return on investment can't compare to a solar water heating system.

"A solar water heater produces twice as much energy as a photovoltaic system at half the net cost," says Heliocol West Sales Director Michael Chung. 

Don't Pay Full Price


Although solar hot water systems can be more expensive than traditional water heating systems, most homeowners don't pay the full cost of a new installation. State and federal tax incentives, combined with rebates from utility companies, can cut the price of a new system nearly in half.

The remaining investment is soon repaid through substantial energy savings. According to the U.S. Department of Energy (DOE), a solar water heating system can reduce water heating bills by up to 80 percent. Plus, by relying on free solar energy, you're protected from future fuel shortages and price hikes for years to come.

Immediate Profits


If you're purchasing a new home, or refinancing, your energy savings can exceed the cost of a solar water heating system immediately. According to the DOE, including the price of a solar water heater in a new 30-year mortgage adds between $13 and $20 a month. The federal income tax deduction attributed to the solar system reduces that cost by $3 to $5 per month. Therefore, if your energy savings are more than $15 a month, your solar investment is immediately profitable and you're saving more than you're paying.

Increase Home Value


Not only do homes with eco-friendly improvements often sell faster than comparable homes without green features, buyers will spend up to 10 percent more for a green home according to a 2013 real estate report from Harvard University. This allows homeowners to recoup a portion of the initial cost when they sell.

Start Saving Today


There's never been a better time to add solar hot water to your home. All of the systems sold by Heliocol West meet stringent Energy Star solar requirements and carry SRCC OG-300 ratings, allowing you to qualify for important rebates and tax credits. Plus, we service every system we sell!

Contact Heliocol West today for a free estimate and don't forget to ask about our 0% interest financing plans.

5 comments:

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  5. Thanks for this topic. Its gives basic ideas about Investing more on solar energy. Solar panel system is best way to gets more energy in low price and very less drawbacks.

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