NYSERDA’S Energy Saving Incentive Program
We have just become certified installers for NYSERDA’S energy saving incentive program. This means that as our customers, you can receive up to a $4,000.00 rebate from NYSERDA when you install a Solar Thermal Hot Water Heating System. In addition, a 30% Federal tax credit PLUS a 25% New York State Tax credit are available.
A solar hot water system (solar thermal system) uses free energy from the sun to heat water. These systems are typically used for domestic hot water (showers, washing machines and dishwashers), accounting for a significant portion of your utility bill. As energy costs continue to rise, investing in a solar hot water system is a smart and affordable solution.
Using the sun to heat your home’s Domestic Hot Water (DHW) is an enormously efficient way to reduce utility costs and reduce your carbon footprint. Many Solar systems will provide all the hot water for your home from May through September and about 30% to 40% for the rest of the year.
Solar hot water systems can also be used to supplement some heating systems such as hot water radiant floor heat and forced hot air systems.
What do Solar Hot Water Systems Cost?
A typical solar hot water system consists of solar collectors, which capture the sun’s heat, a solar storage tank, pumps, controllers, and a heat exchanger. A solar hot water system is hooked into your existing hot water system, effectively “pre-heating” the water so you do not have to use as much fossil fuel to heat your hot water every day.
The chart below shows the cost analysis of a typical hot water system.
|Solar Hot Water System
| NYSERDA Rebate
(calculated based on your
displaced kilowat use)
| Cost after NYSERDA Rebate
| MINUS the Federal Tax Credit
| MINUS the State Tax Credit
| Cost after tax credits
This is an example of what a typical system might cost. A site visit is needed to determine actual cost.
To learn more, go to www.nyserda.org