I was REALLY skeptical(if it sounds to good to be true, it is) but after reading the biography of Elon Musk, it makes sense. We have so low of a bill here(less than $75 a mo. and you see half of that is the hot tub) it makes no sense to do PV, yet.
Where I lived before it totally made sense but I was renting. Also the brutal summer heat and crazy winter cold the power bill never got below $175 a mo. and was close to $500 during the summer. So our year round mild weather here is a major factor in our tub bill being so low. Also you gotta take into consideration a 1/2hp pump doesn't draw that much, where a heater does. In my experience especially with pumps that run in caustics like chlorine letting them sit is death. The one person I know who tried to rescue one of those freebie CL hot tubs ended up dumping it. But he was and still is not the sharpest tool in the shed.
I'm still waiting to see how the whole PV market shakes out. Musk's cousins are the ones who own Solar City and are making a plant here in the US because it's ultimately cheaper. Just like Musk found out with SpaceX and Tesla, which flys in the face of all the corp's outsourcing. So SC is supplying Tesla with PV for their free charging stations, and Tesla is supplying SC with batteries for their PV installs.
The water heater trick sounds like a good one. But in my case my mechanical room is too small.

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