FAFCO Inc.: FAFCO Inc. Announces the First All-Polymer, Do-It-Yourself Solar Hot Water System Designed to Reduce Water Heating Bills by Up to 50%
FAFCO Inc. Announces the First All-Polymer, Do-It-Yourself Solar Hot Water System Designed to Reduce Water Heating Bills by Up to 50%
ORLANDO,
FL — (MARKET WIRE) — February 07, 2007 — FAFCO Inc.,the oldest and largest producer of solar pool heating panels in the UnitedStates, announces the world’s first lightweight, affordable, all-polymer,do-it-yourself solar hot water system designed to reduce water heatingbills by up to 50%. Hot2o™ is theculmination of a ten-year collaboration with the U.S. Department of Energy.
“The debut of Hot2o marks a significant milestone in the history of solarenergy because of the technology, the potential savings to consumersworldwide and its ability to reduce the environmental impact associatedwith traditional energy sources,” said Freeman A. Ford, CEO and co-founderof FAFCO Inc. “Over the last decade, FAFCO has worked collaboratively withthe U.S. Department of Energy’s National Renewable Energy Laboratory todevelop a solar domestic hot water system that can be used by all marketsin all geographies. It’s lightweight, affordable and easy to install. Itoffers tremendous savings to homeowners.”
The Hot2o solar hot water system replaces heavy, expensive, and difficultto ship glazed copper collectors with lightweight, inexpensive, and easy toship polymer collectors. Hot2o is designed to work with any conventionalresidential hot water tank. The entire system fits in a single box andweighs less than 62 pounds. The system can be safely deployed on a roof bya single person using typical household tools. Unique self-lockingconnectors and flexible polymer tubing avoids sweated fittings and reducesinstallation time, difficulty, and leak risk. Homeowners can begin seeing areturn on investment as soon as the system is installed. Hot2o pays foritself in less than five years, as compared to ten to twenty years withtraditional glazed copper solar hot water systems.
FAFCO
Hot2o
Homeowners who purchase Hot2o are eligible for federal solar energy taxcredits under the Tax Relief and Health Care Act of 2006, which wasextended through 2008. The extended tax credits include a $1,000 credit forcontractors who build or remodel homes to meet federal standards forconserving energy with the use of approved components such ashigh-efficiency water heaters; a 30% credit (to a maximum of $2,000) forhomeowners who invest in solar energy systems for heating water; and a 30%credit (with no cap) for businesses that invest in solar energy.
Hot2o is available worldwide. To findmore information about distributors, visit www.hot2o.com.
About FAFCO Inc.
Thirty-five years ago, FAFCO pioneered the use of polymer for solar poolheating. In 2007, FAFCO is poised to do it again with solar hot waterheating for the home. FAFCO Inc. is a California-based manufacturer ofpolymer heat exchangers with annual sales exceeding $18 million. With morethan 100 employees, FAFCO’s headquarters are located in a50,000-square-foot, custom-built, state-of-the-art solar research, designand production facility in Chico, California.
FAFCO prides itself on providing high-quality, long-lasting products thathelp customers save money on energy costs and reduce the environmentalimpact associated with traditional energy sources. FAFCO pioneered theapplication of innovative new materials for solar collectors when in thelate sixties it replaced expensive and difficult to install 100-year-oldcopper technology with inexpensive and easy-to-install polymer.
The main applications for FAFCO products are heating swimming poolsutilizing solar energy and providing heat exchangers that enable customersto efficiently cool buildings. FAFCO has over 150,000 solar pool heatingsystems installed in the field — some as old as 30 years — that provideclean, efficient energy for customers worldwide.
Visit www.fafco.com or call (530) 332-2100.
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