Quick Facts
Average Annual Savings
$500
Energy Needs Met
50% to 74%
of hot water
Net Investment
$10,500
Return on Investment
4.8%
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Quick Facts
Average Annual Savings
$500
Energy Needs Met
50% to 74%
of hot water
Net Investment
$10,500
Return on Investment
4.8%
Property
- Type:
- Single-Family Residence
- Address:
- Gloucester, MA 01930
- Size:
- 2,400 sq ft
- Energy need met:
- 50% to 74% of hot water
Technology
- Type:
- Solar Hot Water
- Installed:
- January 2009
- Size of System:
- 3 collectors
- Purposes:
- To heat hot water
Financial Details
- Gross Cost of System:
- $14,000
- Value of Rebates:
- $1,500
- Value of Tax Credits:
- $2,000
- Net Cost of System:
- $10,500
- Annual Savings:
- $500
Professionals & Suppliers
- Installers:
What You Need to Know
Other Benefits:
Mitigates price spikes; Energy security; Helps mitigate climate change.
Maintenance Requirements:
No service required to date.
My Motivation:
#1 - To help achieve my goal of being the first Zero Net Energy Home Renovation in Massachusetts.
Advice:
Do it. You'll love it.
Additional Notes:
Between April and October it provides 100% of our hot water, and it serves as a pre-heat to our gas-fired tank for the balance of the year.
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