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Follow on Google News | Is the Solar Thermal Hot Water Industry Growing?What stands between solar thermal and mainstream water heaters? Solar thermal will be the next big thing with the government backing it up!
By: Sunmaxx Solar Ed Gunn, SunMaxx Solar’ Gunn says the market is already seeing growth this year compared to 2012. “We [SunMaxx Solar] have seen movement and progress on a number of commercial projects, as well as dealer activity in residential projects.” But it is obvious federal and state governments are committed in taking the industry to the next level. The federal government offers a 30% tax credit and many states offer tax credits as well which can be coupled with the federal. According to Gunn, Californians are receiving the most payback this year, thanks to the California Solar Initiative (CSI) Thermal Rebate Program. The state has set aside $350 million in rebates; offering residents up to $1,834 to displace their existing electric or propane systems, and commercial/government projects a max of $500,000. There are also natural gas incentives up to $2,719 for residents, and $250,000 to commercial/government projects. Considering the federal tax credit, Gunn mentions it is important for the industry “… “Military and larger commercial applications, as well as redevelopment programs for multi-dwelling buildings where federal and state governments are involved,” End
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