If you are thinking of saving your current bills amid gloomy economy, then solar water heaters can prove to be a good solution.
Water heating costs an average house owner, around 15 to 30 percent of the total home energy use. Using solar power, you can cut costs of this extra amount you spend on heating water daily, as using gas or electricity is not required in this process. This also lessens the pollution raised by usage of gas and electricity to some extent at least.
For this you need to invest some amount initially which you can get back within five years of installation in the form of savings. There are various categories in solar systems, which can cost you around $1000 to $3000 for installation. It is estimated that we can get back around $500 in the first year of installation itself.
With this one time investment, you can save thousands of dollars in your entire lifetime.