Another FAFCO Sungrabber Solar Water Heating System Installed
Just this past week, Innerline Plumbing installed another FAFCO Sungrabber solar water heater for a homeowner in Duncanville.
When we contacted the City of Duncanville Building Inspections department, they were excited to learn of this as they had not had a unit permitted to be installed in the city as of yet. The plumbing inspector had been looking forward to checking out one of these installations.
This installation included the following:
The installation of the FAFCO Sungrabber solar water heater system.
A new GE 50 gallon 12 year warranted electric water heater.
Installation of a new emergency drain pan and running new drain lines and T&P drain lines 30′ to exit outside of the house per code.
Permit with the City of Duncanville.
This installation was a project that was approved for the Oncor Take A Load Off, Texas Solar Water Heating Program. Through this program, the homeowner received a rebate incentive through the program in the amount of $1828.74. That is an astounding amount of just over 34% of the total cost of the project.
It gets even better though!
The remaining balance of the project, $3664.93 is eligible for the 30% federal tax credit. That credit would be $1099.48.
The homeowners’ final cost is $2565.45, which is right at 46.5% of the total cost of the project.
They should see a ROI in as little as 3-4 years!
Innerline Plumbing is a participating Service Provider in Oncor’s Take A Load Off, Texas Solar Water Heating Program. Through this program, we are able to install residential solar water heating systems at a reduced cost to our customers.
Craig Woolheater responds:
Posted: February 2nd, 2010 at 8:53 PM →
I found out some interesting news today.
I found out that the 30% federal tax credit applies to the entire project price regardless of any incentives.
So the revised math would be:
$5493.67 total project price
$1828.74 Oncor incentive
$1648.10 30% federal tax credit
$2016.83 total cost of project to homeowner
36.7% Percentage of total cost to homeowner
30% Percentage of total cost from federal tax credit
33.3% Percentage of total cost from Oncor incentive