With more and more people turning to renewable energy as a source to power their home, one of those methods that many consider is a solar water heater. This device essentially harnesses the power and heat of the sun to then heat your water. It’s a clean and effective way to have consistent hot water in your home. It can also save you money. Here are four ways it can do just that.
Longevity And Durability
The technology used in solar power is incredibly durable. This makes their operation lifespan incredibly long. This longevity is especially incredible compared to the easily breakable equipment used for traditional water heating devices. Plumbing maintenance alone is typically very minimal, which can save you a good deal of money in the long run. Since it’s durable, you’re going to see a lot fewer repair costs. That’s money in your pocket.
Lower Utility Bills
Because you’re using energy from the sun to heat your water, you’re not using the electric company. That means you’re not paying them for that service. Since it can cost a lot of energy to heat water, you’ll see a great reduction in your monthly utility bill. Just imagine how small your bill would be if you went completely solar. It’d likely be non-existent. Investing in a solar water heater is the perfect start (or finish) to your solar-powered home.
Many states offer residents and businesses tax credits if they use solar power. This is in an effort to help the transition from fossil fuels to renewable energy sources. That’s basically money you no longer have to pay them. Again, that’s more money you can use elsewhere, all because you have a solar water heater instead of a traditional water heater.
Increased Home Value
One final way that a solar water heater can save you money is that it can increase your home value. Many homebuyers these days are millennials and they’re looking for homes that put the environment first. If your home comes with a solar water heater and the homes around you don’t, then you can be sure the buyers are going to be looking at your home first. This can allow you to raise the price since you have a competitive feature that others don’t. With this increase in home value, you’ll walk away with more money in your pocket.
Having a solar water heater is great for many different reasons. You’re helping improve the environment, and you’re helping your wallet by saving money. If you’re considering getting a solar water heater, keep these four financial reasons in mind.