Solar Hot Water System Economics

Serving New York, New Jersey, Connecticut and Massachusetts

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SYSTEM ECONOMICS

The economics of a solar hot water system depend on several factors: the amount of hot water you use, the type of fuel you use, and where you live.

The tables below layout sample economics for typical households. A Sunshine Solar technician can provide a tailored economic analysis for you.

New York:

Natural Gas Customer or Heating Oil Customer
Solar Hot Water System Price		$12,000
Federal Tax Credit (30%)		$3,600
NYS State Tax Credit (25%)		$3,000
Net Price		$5,400

Expected Return on Investment		19.0%

Massachusetts:

Natural Gas Customer or Heating Oil Customer
Solar Hot Water System Price		$12,000
Federal Tax Credit (30%)		$3,000
MA State Tax Credit (15%)		$1,000
Net Price		$8,000

Expected Return on Investment		13.0%

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