|
An electric hot water system typically accounts for about 30% of the energy consumed in an average household. Installing
a solar hot water system can reduce this portion of electricity by up to 90%. That equates to average savings of around $300
to $700 every year.
With these savings a solar hot water system can pay for itself in just a few years, and then the savings continue. Replacing
your electric hot water system with a solar will also help to shield you from the price increases in electricity supply that are
likely to occur due to the introduction of a carbon emissions trading scheme in the near future.
* Savings will vary depending upon your location, type of system installed, orientation and inclination of the solar collectors,
type of water heater being replaced, hot water consumption and fuel tariff. |