Sounds like a great idea to me Dave.
Another perhaps easier idea would be to simply put the pex piping into the attic. My attic routinely gets up over 100F on a sunny day. This would eliminate the box, window and foiling over the pex pipe and make it even cheaper. I've really been wanting to try the idea myself, but I got a bunch of solar hot water panels for free. The'll provide more than enough hot water.
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