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| Solar Heater Can Cost $0 In 3 Years |
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Interview Highlights: |
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commercial and residential solar services
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mostly solar water heating for commercial and residential use
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using solar for heating is about 50% efficient and using solar for electricity is about 15% efficient
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water heating is usually the 2rd largest energy mode in the house, after heating and cooling
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typical household of 4 spends between $600 to $800 a year on hot water
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putting in a solar heating system will save about $500 to $600 a year
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installation cost are between $7,500 and $10,000
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plus there is a 30% tax credit, which on a $8,000 unit would now be $5,600
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and there are a lot of states that also have programs
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Maryland has another program that gives you another $2,000, so now you are down to $3,600
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there are also counties that have incentive programs
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some Maryland counties offer up to $2,500 more, so this brings you down to $1,600
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utility savings can cancel the $1,600 in less than 3 years
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some states will not increase the value of your home for property tax reasons because you put in a solar
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you also do not have to pay sales tax on solar improvements
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he moved from the IT services industry into the solar industry because he believes in the industry and the opportunity in energy efficiency
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70% of all the water heaters in the world are sold in China, 14% is in Europe, and less than 1% in the US
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the solar grant in Maryland will require an energy audit next year
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