Reap the benefits of solar water heating. Did you know that solar panels work even in the Antarctic?
If you structure your payments efficiently, then it may cost you very little, or nothing, to enjoy the benefits of solar water heating. Please read on.
A typical domestic system would produce 15,000 kWh of heat per year and cost around £3,000 to £5,000.
If you pay for your installation by re-mortgaging by a typical £5,000 extra, this might add say £250 a year to your mortgage repayments, with interest rates at 5%. If your average annual energy bill is £1,000, 25% of it, or £250, is generally being used on water heating. In this example then, the system is actually paying for itself straight away. As energy prices rise, as they typically do, your expenditure should start dropping after the first year.
Remember too that the solar savings are tax free, so every pound you save on heating is typically worth around £1.30 of your taxable income.
A good quaility system should last 30+ years and should give you 8 months of free hot water per year, depending on the amount of hot water being used. It will also save on the amount of carbon you put into the atmosphere and in addition, add to the resale value of your home. You and the planet stand to gain from your investment.







