Beno said:
Eric Johnson said:Are you saying $3-4K if you do the work yourself and after the tax credits, NYS? That was what my <$2K estimate was based on.
Eric Johnson said:The panels run somewhat more than $500 each, but there are tax credits involved, so you can get by for a lot less. In NY, for example, there's a state tax credit that combines with the federal credit for more than 55% of the purchase price. That's a tax credit, not an income deduction.
I think if you bought good equipment and did the work yourself, you could have a very nice set-up for less than $2,000, net, including hot water storage. With the right setup, you can even get some radiant heat out of the deal.
Are you heating your water with electric, gas or oil, cast? If electric, what's your rate?
castiron said:Eric Johnson said:The panels run somewhat more than $500 each, but there are tax credits involved, so you can get by for a lot less. In NY, for example, there's a state tax credit that combines with the federal credit for more than 55% of the purchase price. That's a tax credit, not an income deduction.
I think if you bought good equipment and did the work yourself, you could have a very nice set-up for less than $2,000, net, including hot water storage. With the right setup, you can even get some radiant heat out of the deal.
Are you heating your water with electric, gas or oil, cast? If electric, what's your rate?
Hi Eric,
I heat hot water with Natural gas and my summer bill is under $30. That's pretty cheap to justify shelling out $2,000 for an alternative.....
Eric Johnson said:I seriously considered putting in a solar water heater but since I heat my water with wood 7 months out of the year, it wouldn't make much sense, other than having another cool thing to fool around with and make me feel good. Both of those are important considerations, but I need the money to buy a new boiler, so that's that. I'm hoping that with a wood gasifier and heat storage tank that I'll be using wood to heat our water most of the year, if not all. Depends on how clean the new boiler burns.
castiron said:Beno said:
I think theses systems cost thousands of dollars...payback would seem to be a long time given the fact that I pay about $30/mo on hot water.......
Sandor said:castiron said:Beno said:
I think theses systems cost thousands of dollars...payback would seem to be a long time given the fact that I pay about $30/mo on hot water.......
I see this argument quite often when reading about renewable energy systems.
What you, or anyone else should consider, is the future price and availability of such energy/fuels.
This year the Virginia legislator is considering the removal of price caps on electricity rates. Most are saying to expect a 30% increase in rates if such caps are lifted. My mom in Maryland got whacked last year by a 30% increase.
If we have an above average summer, expect natural gas prices to go up, since most secondary power plants are fired with natural gas to meet a/c demand. Last time I checked, NG is not being replentished as fast as it is being used.
So, if you are likely to stay put at your current residence for the next 5 years or more, I think an investment in solar water heating would be prudent. Along with efficient windows, extra insulation, etc.
Be responsbile to the environment, and your family.
This is my opinion, and it certainly is not humble.
NY Soapstone said:Sandor said:castiron said:Beno said:
I think theses systems cost thousands of dollars...payback would seem to be a long time given the fact that I pay about $30/mo on hot water.......
I see this argument quite often when reading about renewable energy systems.
What you, or anyone else should consider, is the future price and availability of such energy/fuels.
This year the Virginia legislator is considering the removal of price caps on electricity rates. Most are saying to expect a 30% increase in rates if such caps are lifted. My mom in Maryland got whacked last year by a 30% increase.
If we have an above average summer, expect natural gas prices to go up, since most secondary power plants are fired with natural gas to meet a/c demand. Last time I checked, NG is not being replentished as fast as it is being used.
So, if you are likely to stay put at your current residence for the next 5 years or more, I think an investment in solar water heating would be prudent. Along with efficient windows, extra insulation, etc.
Be responsbile to the environment, and your family.
This is my opinion, and it certainly is not humble.
To echo this point, the installer we worked with does very little work on the scale of our meek 2800 SF house. Most of their projects are on industrial sites or very large estates where the owner views the purchase of an alternative energy system as a hedge contract against energy inflation that locks in prices at a competitive value in today's dollars for the next 25-30 years. These are often very financially sophisticated customers more than they are "green" customers. But it is a tough way to sell to the general public, who likes to just say "what do I save this year?"
In recent years, energy inflation is rapidly outpacing the consumer price index, and all indications are that this trend will continue unless a significant disruptive innovation is made.
-Colin
northwinds said:Is there a particular product or manufacturer that you recommend based upon your experience? This is something that we're seriously looking at with the design of our new house. I also like the idea of a drainback system.
We use essential cookies to make this site work, and optional cookies to enhance your experience.