Want to Save Money on Electricity?
CUT YOUR WATER HEATER COSTS IN HALF!
Source: U.S. Census 2006
WHY GO SOLAR?
Water heating is a home’s second-largest energy expense; going solar is a great way to lower your energy bills and reduce your reliance on energy companies, all by harnessing free energy from the sun. According to Energy Star, a federal program that promotes energy efficiency, a solar water heater can lower the average household’s water-heating costs by 50%. For the typical family spending $317 per year to heat water, that translates to savings of about $160 per year.
WHAT WILL IT COST ME?
With incentives and rebates, the total system cost is $3,737.90
which can be financed with a Downstreet loan between 0-3%,
depending on your income.
Any homeowner in Washington, Orange or Lamoille County
whose income is at or below 120% AMI (see income qualification table below).
HERE’S A BREAKDOWN:
|Solar Installation Cost||$ 9,699|
|Net Cost (0-3% financing available)||$ 3,738|
|County||% of Area Median Income||1 Person||2 Persons||3 Persons||4 Persons||5 Persons||6 Persons|
|Washington||120%||$ 62,076||$ 70,944||$ 79,812||$ 88,680||$ 95,774||$102,868.80|
|Orange||120%||$ 55,692||$ 63,648||$ 71,604||$ 79,560||$ 85,925||$ 92,289.60|
|Lamoille||120%||$ 54,348||$ 62,112||$ 69,876||$ 77,640||$ 83,851||$ 90,062.40|