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SunMaxx Solar Payback Periods

Solar Payback – SunMaxx Solar Hot Water System Payback Periods

Perhaps the greatest benefit of a SunMaxx Solar hot water heater is the fact that your solar hot water heater will completely pay for itself through hot water and home heating fuel cost savings. In fact, through Federal and State incentives and credits, it is possible for your SunMaxx solar hot water heater to completely pay for itself in as little as 3 to 5 years. Even without incentives and credits, your SunMaxx solar hot water heater may pay for itself in as little as 9 to 11 years.

There are many factors that will affect the payback period of your SunMaxx solar hot water heater, and a SunMaxx professional team member can help you with a more accurate and detailed payback period calculation. The factors include:

System cost plays a very important factor in the payback and return on investment of your SunMaxx solar hot water heater. Obviously, the lower the cost of the initial Solar Hot Water System, the less time that it will take for the system to pay for itself through savings on home heating costs.

Location and Climate also play an important factor in determining the payback period of your SunMaxx Solar Hot Water Heater. While SunMaxx solar hot water heaters are designed to perform in any climate and most weather conditions, having a decent amount of solar exposure will play a major factor in determining how much of your hot water heating costs you can offset with your solar collector, and therefore how quickly your SunMaxx Solar hot water system is able to pay for itself.

Incentives and credits are a third factor that have a heavy impact on the payback period for your SunMaxx solar hot water system. The Federal Government, as well as most State Governments offer incentives and credits to further offset the cost of solar hot water systems. By covering anywhere between 20 to 50% of your solar hot water system, these incentives can easily lower your payback period from 9 to 11 years, down to 3 to 5 years.

Other factors that will affect your payback period include your current heating needs, the implementation of steps to lower your heating needs, and the current and future costs of your current/traditional heating fuel, among others.

In the end, this adds up to your SunMaxx Solar water system being able to pay for itself in as little as 10 years (without incentives), and even lower when incentives and credits are applied to your purchase and installation.

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