Our commercial installation clients are interested in solar hot water for different reasons. For some, the cost savings are the most important factor. For others, reducing pollution and preserving the planet is their biggest concern. By briefly examining the various benefits associated with a solar hot water installation, we’re confident you will decide on installing a system for your business.
Savings & ROI
The monetary savings a Heliodyne solar hot water system produces guarantees your business a sound investment. The time it usually takes to recoup your initial investment can vary depending on the installation size and the amount of hot water usage. But because solar hot water will reduce the unit cost of kilowatts per hour, your business energy savings are exponential (i.e. the more hot water you use, the more you save).
In most cases, the return on investment can take up to 10 years. That’s the amount of time needed for your solar hot water system to pay for itself through lowered energy bills. After that initial 10 years, the money saved from your system is pure profit that your business would have otherwise wasted on high utility rates.
Your ROI is further accelerated when you factor in that utility rates are not fixed. They are constantly rising annually. As utility rates rise, your savings increase.
Preserving the Environment
Action must be taken now to slow down and even reverse the effects of global warming. Installing a solar hot water system will have a significant impact on the amount of CO2 emissions your business produces. It’s a giant step in preserving our planet for future generations.
Today’s consumer is keenly aware of global warming and the environment. Businesses that “Go Green” demonstrate to the consumer that it is a company that is taking proactive steps towards environmental preservation. A customer is more likely to spend their money with a business that’s eco-friendly, knowing that they share the same values when it comes to the environment
Rebates & Incentives
Currently, the Federal government offers a 30% tax credit to homes and businesses that install a solar hot water system. Most states offer solar water heating incentives as well.
The following link will direct you to the Database of State Incentives for Renewables & Efficiency (DSIRE). DSIRE is a comprehensive source of information on state, local, utility, and federal incentives that promote renewable energy and energy efficiency. Click here