Solar Hot Water is probably overall the best solar installation that everybody should consider. Typical households can save up to 75% of their water heating costs and depending on usage and location many homes can completely eliminate any other forms of water heating. That can reduce your current utility costs by over 20% or even more.

In Australia the Government there is offering a $1600 rebate for the installation of a Solar Hot Water System for homes and up to $1000 for a heat pump system which draws energy from the ground or air.

In the USA, rebates are available from both national and state government for solar installations which can reduce the cost of your new water system by a substantial amount. California currently has set aside US$100 million to give away to you if you install technologies that displace the use of electricity and solar hot water systems do this just perfectly. Texas, Colorado infact what ever US state you may reside in there is a very good chance that a rebate in some for is available.

If your Canadian and live in Nova Scotia then you can count on having a discount of 15% on the costs of going solar. Residents may also take advantage of Federal rebates and end up cutting the cost even more.

Other countries and states who have embraced the solar initiative will also have similar programs to save you on costs.

Unlike the installation of solar photovoltaic, hot water systems are not designed to produce electricity and cannot power your home. But for producing hot water they work perfectly and can have a substantial less cost than other green energy upgraded that can be made to your home.  With the combination of rebates , cheaper upfront costs and the benefit of reducing your water heating bills the payback time of this type of system can be brought down to just a few years. After that all your hot water is free.

The incentives stated here may have changed and been replaced by other programs of a similar type. Your local solar installation specialist will be suitably aware of  offers and rebates that you may take advantage off in your area. As with all solar energy systems of any type, professional installation should be undertaken and for many rebates this is a requirement.

Solar hot water sits comfortably alongside solar heating and it might be advantageous to think about having them both installed at the same time as this will reduce the cost and incontinence of the slight disruption. Do not forget the appreciation on the value of your home. Should you ever want to sell your energy efficient home any energy saving installations and particularly solar will have a very positive effect on a potential buyer.

Related posts:

1. Solar Hot Water Cost
2. Installing Solar Hot Water Panels
3. Solar Hot Water Heating Panels