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California approves $350 million in rebates for solar water heating installations
Novato-based SolarCraft, the North Bay leader in Solar Electric and Solar Thermal installations, is pleased to announce that the California Public Utilities Commission (CPUC) has approved a $350 million dollar rebate program to encourage state residents and businesses to install solar water heating to save money and reduce greenhouse gas emissions. Combined with the current 30% Federal Tax Credit, that means savings of up to 60% on the cost of solar domestic water heating installations. The program's goals are to see over 300,000 systems installed over the next 8 years, saving California residents nearly 6 million cubic feet of natural gas and 3 million kilowatt hours of electricity annually, while creating thousands of jobs.
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This is a great concept. Giant, grid connected solar panels may be years away, but why not use the suns rays to heat your water. And with radiant floor heaters, that same water could theoretically heat your home! And at 60% off, it may be as cheap as a regular high end water heater. Yet there's no monthly cost...
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