No matter whether your water heater is powered by gas or electricity, it will cost you money to run. You can save money and use only renewable energy by opting for a solar-powered water heater. Yes, it will probably cost a meaningful sum to purchase and install, but that expense can be more than made up for over time.
One estimate from the folks at the Energy Star program is that a solar water heater will save, on average, between about $100 and $200 per year in energy costs.
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