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Granite State Solar Cost Effective Solution On average, if you install a solar water heater, your water heating bills should drop 50% - 80%. Because the sun doesn't cost you anything, you're protected from future fuel shortages and price hikes. Other financial incentives include: - Anticipated payback period of 3 to 7 years.
- Solar energy can take advantage of the sun's free energy year round.
- Solar energy can be produced even at low temperatures.
- Federal tax credits will pay 30% of the cost, up to $2,000 for the system.
- Between tax credits and energy savings, this system offers a faster return on your investment than other solar energy systems.
- Lower first-time start up cost than solar photovoltaic (PV) systems.
Environmentally Beneficial - Solar energy is an unlimited resource.
- Solar energy does not produce harmful emissions or require transportation or pipelines like electric energy does.
- Solar water heating systems installed in the U.S. help reduce our household energy consumption, and the nation's reliance on toxic fossil fuels.
- Solar water heating systems will work anywhere in the U.S., not just sunny states.
Source: U.S. Department of Energy EERE Consumer's Guide
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