Monday, April 26, 2010

Cheap hot water? Just add sunshine - MSN Real Estate

Cheap hot water? Just add sunshine - MSN Real Estate: "Bill Banack doesn't fancy himself an environmental 'fanatic,' but his showers, dishwasher and washing machine all use renewable energy these days. The source: three slim solar panels perched atop his 2,200-square foot Hadley, Mass., home. They don't provide electricity — they send him heat for hot water.
'I'm not belittling the green movement, but mostly we wanted to save money,' says Banack, who now shuts off his gas boiler in the summer except during stretches of cloudy days. Banack estimates his heating-fuel bills have dropped at least 25% since adding the system, which was made by Germany's Stiebel Eltron GmbH and cost about $6,000 after tax credits. 'This is a form of independence,' he says."

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