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Payback on a solar water heater system is between 2 ½ to 3 ½ years.
Estimated cost of a residential USA manufactured solar water heater - complete, installed with pump station, control panel, heat dissipater, valves, piping, = approx. $3,400. Solar water heaters also qualify for a 30% renewable energy tax credit and a depreciation allowance of 50% the 1st year and the balance over the next five years.