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Solar Heater Can Cost $0 In 3 Years

 

Rick Peters
Solar Energy Services, Inc.
1514 Jabez Run Rd, #106
Millersville, MD 21108
 rick@solarsaves.net
 www.solarsaves.net

  Interview Highlights

  • Commercial and residential solar services.
  • Mostly solar water heating for commercial and residential use.
  • Using solar for heating is about 50% efficient and using solar for electricity is about 15% efficient.
  • Water heating is usually the 2rd largest energy mode in the house, after heating and cooling.
  • Typical household of 4 spends between $600 to $800 a year on hot water.
  • Putting in a solar heating system will save about $500 to $600 a year.
  • Installation cost are between $7,500 and $10,000.
  • Plus there is a 30% tax credit, which on a $8,000 unit would now be $5,600.
  • >And there are a lot of states that also have programs.
  • Maryland has another program that gives you another $2,000, so now you are down to $3,600.
  • There are also counties that have incentive programs.
  • Some Maryland counties offer up to $2,500 more, so this brings you down to $1,600.
  • Utility savings can cancel the $1,600 in less than 3 years.
  • Some states will not increase the value of your home for property tax reasons because you put in a solar.
  • You also do not have to pay sales tax on solar improvements.
  • He moved from the IT services industry into the solar industry because he believes in the industry and the opportunity in energy efficiency.
  • 70% of all the water heaters in the world are sold in China, 14% is in Europe, and less than 1% in the US.
  • The solar grant in Maryland will require an energy audit next year.
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