An average family of four using 20 gallons per day per person saves approximately $100 per month. A solar hot water system is affordable and cost effective, especially if you have a family that uses substantial amounts of hot water for bathing, laundry, and dishwashing.
New government incentives make it more affordable than ever to do the right thing for your family and the environment. Enjoy significant power savings instantly, and enjoy lower bills and abundant hot water
Solar Water Heating Property
- There is no maximum credit for systems placed in service after 2008. The maximum credit is $2,000 for systems placed in service before January 1, 2009.
- Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2016.
- The Solar Rating Certification Corporation (SRCC) or a comparable entity endorsed by the government of the state in which the property is installed must certify equipment for performance.
- At least half the energy used to heat the dwelling's water must be from solar in order for the solar water-heating property expenditures to be eligible.
- The tax credit does not apply to solar water-heating property for swimming pools or hot tubs.
- The home served by the system does not have to be the taxpayer’s principal residence.