Skip to content

CESC- Community Energy Services Corporation

Increase font size Decrease font size Default font size
You are here: Home arrow SmartSolar Residential arrow Solar Hot Water arrow Solar Hot Water Costs and Financing
Solar Hot Water Costs and Financing
Installing a solar hot water system for a family of 3-4 will typically cost between $7,500 and $9,500 depending on system design.  Researching solar technology and installers can help you to compare individual component prices and project bids.
 
Rebates and Incentives. Your installed project may qualify for federal incentives.
  • California Solar Intiative (CSI) Rebate.  On January 21, 2010, the California Public Utilities Commission (CPUC) approved the CSI Solar Thermal Rebate Program, which goes into effect May 1, 2010 and applies to all commercial systems installed after July 15, 2009. It offers a one time rebate of $12.82 per therm displaced, up to $1,875 for residential systems. Visit the CPUC for more information.

  • Federal Income Tax Credit (FITC).  Effective January 1, 2009, you may qualify for a FITC of up to 30% of the installed system’s costs.  Qualifying equipment must be certified by the Solar Rating Certification Corporation (SRCC). 
Financing Strategies. You may be able to finance your system through your mortgage or with construction or home equity loans.  In deciding how to pay for your solar system, consider contract obligations and whether interest payments are tax-deductible.
 
< Prev   Next >
 

Energy Tips

Update your exit signs.  Many older exit signs still use incandescent bulbs.  Newer exit signs use LED technology, consuming approximately 1/10th the energy of an older sign and lasting 10's of 1000's of hours longer.  For enhanced safety, consider getting LED exit signs with emergency back-up batteries and safety lamps.