Solar Water Heaters

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Savings Calculator for a Solar Water Heater

- How Much Does My QDD Solar Water Heater Actually Cost?
- How Much Can I Save Each Year?

There are many incentives, discounts and savings potentials that come with using a QDD Solar Water Heater. Here's a quick and general sample scenario to calculate how much a person might save by using a QDD Solar Water Heater system over the course of a year, (two years, three years, and ten years) and when those savings and payments take place. The following savings and prices in the example are for illustrative purposes only and may not be applicable to your situation. Please do your own independent research.

Here Are the Steps to Calculate Cost & Savings:

1) Choose Your QDD Solar Water Heater
2) Decide Your Method of Installation
3) Check If Your Local Utility/City/County Offers Any Solar Energy Rebates
4) Get Your Federal 30% Tax Credit
5) Realize Your Yearly Electricity Savings

1) Choose your QDD Solar Water Heater

Let's say you have decided on the 50 Gallon Direct, Integrated Solar Water Heater and you live in the state of Florida. The system cost with delivery to a Florida address would be $1,800 + $200 delivery = $2,000. There is no sales tax when ordering our solar products.

Up front cost from Step 1: $2,000

Total Out-of-Pocket So Far: $2,000

2) Decide Your Method of Installation

Upon delivery of your solar water heater you can choose to install by yourself, or have a plumber, contractor or someone with experience help you. Having a contractor install the system for you may cost in the range of $500 to $1,200 depending on roof or ground installation and your property requirements and who your hire. Let's say we choose to have the system professionally installed at a cost of $750.

Up front cost from Step 2: $750

Total Out-of-Pocket So Far: $2,750

3) Check If Your Local Utility/City/County Offers Any Solar Energy Rebates

Your local utility company may offer a rebate for installation of a solar water heater. For example, let's say you live In Gainesville, FL and Clay Electric is your electric utility provider. For simplicity, let's say you quality for $475 of their rebate and fill out forms and comply with their guidelines.

Savings from Step 3: $475

Total Out-of-Pocket So Far: $2,275

4) Get Your Federal 30% Tax Credit

For principal resident owners, a Federal tax credit of 30% of your solar water heater purchase price including shipping and installation is available. Businesses also have tax credits available to them. Let's say you have installed the above mentioned 50 Gallon Direct, Integrated Solar Water Heater in your home at a cost of $2,750 and that you have received a utility credit of $475. You could then apply for a tax credit of $682.50 when you file your taxes. This is calculated at ($2,750 - $475) * .30 = $682.50.

Savings from Step 4: $682.50

Total Out-of-Pocket So Far: $1,592.50

5) Realize Your Yearly Electricity Savings

According to just one of the many testimonials we've received, a customer reported saving $50 every month on their electricity bill using their QDD Solar Water Heater instead of their old system. According to this calculation you would save $600 a year.

Savings from Step 4: $600 (potentially repeating $600 savings each year!)

Total Out-of-Pocket After Approximately One Year of Use: $992.50

According to these calculations, the savings from your QDD Solar Water Heater would have more than paid for your system after just three years of use:

Savings from Step 4 Year 2: $600

Savings from Step 4 Year 3: $600

Total Out-of-Pocket after approximately three years of use: - ($207.50)! - That's a NEGATIVE $207.50 which means under this scenario your solar water heater would essentially be paying you!

** Total Savings After 10 Years Using Your QDD Solar Water Heater: $4,407.50 - and that's at TODAY'S energy prices!

Summary

You can see that even without taking into consideration the benefits of going solar reducing energy dependence & protecting the environment the financial gains to be had can easily stand alone as reason enough to go green for your home or business. Don't hesitate to make the move to safe, solar energy — it's a smart investment for the future.

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