Menu Close

Return on Investment

A primary concern regarding the installation of solar heating systems is cost. Previously, the costs of solar energy were prohibitively high, but with technological advancements and an increasing awareness of the need to alleviate dependence on commercial energy sources, the average price of a solar heating system has decreased dramatically.

Studies have proven that solar heating systems have a payback time of 4-8 years, which may seem like a long time, until you consider what those savings mean to your monthly expenditure. By supplementing your electricity needs with solar heating you can shave up to 40% off your monthly electricity bill.

In order of priority, the following steps should be considered based on the payback period of each:

Type of TechnologyTypical Payback Period (system dependent)Anticipated Lifespan
Solar Water Heater                              2 – 6 years20 – 25 Years
Insulation (if applicable)2 – 8 Years25 Years
Lighting (CFLs & LEDs)3 – 6 Years60 Years
Solar Photovoltaics6 – 11 Years25 Years +
Heat Pumps (domestic)4 – 12 Years15 Years

Did you see these?