Water Solar Panels Cost

The cost of installing a typical solar water heating system is 4 000 5 000 including vat at 5 per cent for 3 6m 2 system.

Water solar panels cost.

Savings are moderate the system can provide most of your hot water in the summer but much less during colder weather. This is a government scheme to reward homeowners using low carbon heating systems. In speaking with customer service i found them to be very friendly highly knowledgeable and most helpful in offering prep installation advice. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

Furthermore our solar hot water systems qualify for the federal 30 tax credit meaning that 30 of the installed cost of your solar hot water system is returned to you the next time you file your taxes. Solar water heating is cost effective particularly if you make use of the renewable heat incentive. Solar water heater cost the average homeowner spends 3 337 to install a solar water heater. There are installation and equipment considerations which put costs between 1 703 and 5 000 higher end models and components could cost up to 13 000.

Currently the tariff for solar thermal panels is 21 36 p kwh. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. The table below shows average annual earnings that a solar water heating owner can expect.