Solar Hot Water System Estimate for a Typical Family in Massachusetts

How many in your household 2 – 4 people 4 – 6 people
Solar Equipment $5,658.00 $7,056.00
Materials & permit fees $1,931.00 $1,958.00
Labor $3,000.00 $3,000.00
Total estimated cost to install proposed Solar Hot Water System 10,589.00 $12,014.00
Electric back up Adder: $400 (includes electric element and tank SBB300S)
Incentives:
Mass Clean Energy Center Solar Hot Water Program Rebate (Depending on size of system, $125.00 or $150.00 x number of solar collectors x SRCC thermal perfomance rating of collector). $3,660.00 $5,490.00
Mass Residential Renewable Energy Income Tax Credit $1,000.00 $1,000.00
15% of installed price up to $1000
Federal Residential Renewable Energy Income Tax Credit $3,176.70 $3,604.20
30% of installed price – no cap
Adjusted Total after incentives $2,752.30 $1,919.80

 

Based on incentives found at www.dsireusa.org, not guaranteed through Renewed by the Son, Inc.

Renewed by the Son, Inc. 2-4 People Solar Hot Water Typical Pricing PDF

Renewed by the Son, Inc. 4-6 People Solar Hot Water Typical Pricing PDF