FINANCIAL FEASIBILTY
Since the solar water heating system is reducing the amount of natural gas (or other traditional energy source) needed to heat the facility's water, it will save a significant amount of money to the systems owner. A simple method to understand the savings a solar system contributes is to compare the current utility rate with the less expensive solar energy rate (cost of system divided by 25 years worth of energy savings).
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Select the Energy Data Range
Current Utility Rate:
TOTAL PROJECT COST
Investment after credits |
SOLAR ENERGY RATE
Cost of energy from |
PAYBACK PERIOD
Years it takes the solar savings |