*Examples of savings from installing a Skyline Solar Hot Water Heating System: A Do-It-Yourselfer with a family of four installs a two panel (40 ft2) Open Loop system costing $2,500.00 by him/herself. They can expect to see an immediate saving off their electric bill (at 10¢ per kWh) of about $320.00/year. That’s a 12.8% return on investment (ROI). But, the 30% Federal Tax Credit ($750.00) will bring the actual cost of the system to $1,750.00. The return on that investment with the Fereral Tax Credit is 18.25%. Since most families are in the 30% income tax bracket, you would have had to earn pre-Income Tax $457.00 to pay that electric bill. Now, your rate of return on what you would have actually had to earn to pay for that electricity is 26%! Suppose you paid $500.00 for a helper and some supplies. The cost would be $3,000.00 ($900.00 Income Tax Credit) that would bring the above returns (respectively) to 9.375%; 15.25% and 21.75%. Suppose your electricity cost 15¢ per kWh (as it does in parts of Florida). Your savings would be $480.00/year, $686/year Pretax. Do it yourself for $2,500 for a 3.8 year, 26.3% ROI, You have a Handyman do it for a 4.37 year, 22.9% ROI! Professionally Dealer Installed Deluxe Closed Loop closed loop system installed for $6,667 with a $2,000 Tax Credit will provide a great 6.8 year ROI! That only scratches the surface of your real savings and return on investment (we haven't even touched increased property value).
| 
Solar Savings
