WHAT YOU STAND TO GAIN WITH A SOLAR HOT WATER SYSTEM
An investment in a solar water heating system will outperform the stock market or your 401k, hands down.
Initial return on investment is at least 15% if you heat your hot water with gas and as high as 25–40% if you heat with oil, propane or electricity. Unlike your 401k, these returns are tax-free, and will only increase as fuel and electricity prices continue to skyrocket.
The federal government has a 30% tax credit while states have additional tax credits and the generous new MassCEC rebate keep your ‘net cost’ at around $2,000 or less for our solar hot water systems. No question about it, your next investment should be in a solar hot water system from NESHW.
Check out the MassCEC for more information about state rebates. This unique resource has installer, equipment, and price information to help you make an informed decision.
Federal tax credit
Of total system costs reimbursed through tax credits and rebates