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Should I install a solar water heater?

By Bob Millaway, South Jersey Community Expert & REALTOR®

Solar water heaters use rooftop collectors to heat water using sunlight, reducing water heating costs by 50 to 80 percent. They work well in South Jersey's climate, though they need a backup system for cloudy days. Installation costs range from $3,000 to $7,000 after federal tax credits. The payback period is typically 5 to 10 years. Solar water heaters last 15 to 20 years and add to your home's green credentials.

Why It Matters

Solar water heating is one of the most cost-effective renewable energy investments, with faster payback than solar panels in many cases.

Related Questions

What are the easiest ways to reduce my energy bills? What are the most effective energy-efficient upgrades? How do I know if my home is energy efficient? What energy tax credits are available for homeowners? How much can I save by switching to LED bulbs?

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