According to a new SEPA report titled “Heating Up: The Impact of Third Party Business Models on the US Market for Solar Water and Space Heating,” Sixteen percent of the 110 million U.S. households are suitable for solar thermal systems, also referred to as solar domestic hot water systems. The report states that at given market conditions, the technology is not attractive for natural gas customers but is favorable in 72 utility areas around the country at an installed cost of $7,000 before incentives. This represents a $123 billion dollar market.
With all the focus on the development of the solar PV industry, many have forgotten that solar thermal has huge growth potential.
via Don’t Count Out Solar Water Heating, It’s a $123 Billion Dollar Market | cwilliams.