222 Linnerud Dr. :: Sun Prairie, Wisconsin :: 53590
You can go solar, or continue to pay the utility company with incurring monthly debt, no equity, and higher payments with no savings or return.
The choice is not about spending money. The choice is about what you actually get in return for a continuing monthly debt. You are spending money anyway, so, either you invest it for more home equity and savings, or give it away for service provided by your local utility.
Every day the sun rises... and every day you could be saving money and enjoying the revitalizing power of sun heated water.
If you are building a home or refinancing, the economics are even more attractive. Including the prices of a solar water heating system into a new 30 year mortgage usually amounts to between $13-$20 per month. The federal tax deduction for mortgage interest attributable to the solar system reduces that by $3-$5 per month. So, if your fuel savings are more than $15 per month, the solar investment is profitable immediately. On a monthly basis, you are saving more than you are paying.
A typical residential home can see a return on investment in 7-12 years.
A commercial building can see return on investment in under 5 years.
Cardinal Heating & Air Conditioning :: 222 Linnerud Dr. :: Sun Prairie, WI 53590 Phone: 608.837.9367 :: Fax: 608.837.6469 :: License Number: 4033