A solar water heater can reduce a homeowner's water heating bills by 50% to 80% on average. Though the equipment may cost more than a basic water heating system, the long-term cost savings are crucial to acknowledge.
Just like PV solar panels, solar thermal systems are tax credit eligible on both state and federal levels. And, just as there are utility rebates for installing a new, more energy efficient water tank, most power companies also have special incentives for installing solar thermal, as high as $450 dollars per solar thermal installation!
By measuring and monitoring solar thermal system performance, installers can correct mistakes and fine-tune and optimize systems. As a result, US consumers are likely to regain confidence in the technology, spurring what is expected to be a burgeoning market for solar hot water heaters.
Sunnovations is a classic entrepreneurial story: a technically savvy consumer went to purchase a product and found what was in the market lacking and decided to build a superior solution himself. Arnoud van Houten founded the company in March 2008 and partnered with angel investors Solaq BV (who advised van Houten's previous start-up) for development and early-stage financing.
FischTank Marketing and Public Relations provides communications and marketing services to both start-up and established renewable energy companies. We provide media relations, content writing, digital/social media, and other marketing support to companies working in sectors spanning solar, LED lighting, energy storage, hydrogen, battery development and manufacturing, alternative fuels, and more. Our clients have been featured in top tier media including print, online and broadcast.