Payback

Estimated Savings for Solar Domestic Hot Water

 

    What if you do a straight payback calculation, and the payback time seems to be too long?  Some installations have an eight year payback.  If your money was invested in a savings account, you could have an eight year payback, if the interest rate was 9%.  Can you find a reliable investment that pays 9%?    If your property has a clear view of the sun, using solar hot water will be a good economic choice.  During less then half the life of the equipment, it will pay for itself in fuel savings.  After that you will continue to have less exposure to the price increases of conventional fuels.

You can call to have a savings chart customized for your home or business.  You could start saving money the first year your solar collector is installed, even with loan payments factored in.

 
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Stu@AlpineSolarHeat.com