(SCE now offers rebates for electric-displacing solar water heating (SWH) systems in its service territory. Call us for more information at 805-497-9808.)
A huge market globally, solar hot water is an almost untapped market in the U.S. that’s still innovating and cutting costs.
There are about 200 million solar water heating (SWH) systems in the world. There are about one million systems in the U.S. Year-on-year numbers, even during the recession, showed SWH to be an expanding domestic industry.
There are approximately 100 million residential water heating systems in the U.S., according to Sunnovations CEO Matt Carlson, and just under half use electricity, fuel oil or propane. “I’m looking at a market of 50-million-plus homes that don’t use natural gas to heat their water,” he said. “That’s a pretty sizeable market, and that’s where the opportunity is.”
Eight million water heaters are sold yearly in the U.S., Carlson said, at a cost of $1,000 […]