Solar Hot Water (Solar Thermal Panels) in Lochearnhead

If you’re looking to install a solar thermal system in your home, this is usually one of the first concerns several homeowners have. Being fully aware that solar water heating systems are usually more expensive than their counterparts - the conventional water heating systems, the question arises whether or not you’ll be able to save some money from your solar water heating system in the long run. In this article, we aim provide an answer to this important question. Let’s take a closer look!

When it comes to solar thermal systems, the money you’ll be able to save in the long run depends on a wide range of factors. These factor includes:

✓ Your system’s performance.

✓ Your geographical location and solar resource

✓ Your household’s hot water demand

✓ Financing and incentive options that are available.

✓ The cost of fuel that’s being used for your alternative or backup water heating system, if you own one.

✓ The cost of conventional fuels such as oil, electricity or natural gas.

There are several benefits, however, that comes with the installation of a solar water heating system. Since the sun is absolutely free, future fuel shortages and price hikes will have little impact on you. Also, on the average if you decide to fit a solar thermal system your water heating bills is expected to drop about 50 percent to 80 percent. What’s more? The economics are even a lot more attractive when you’re just about to build a new home or refinancing. When you include the price of a solar water system in a 30 year mortgage, it’ll normally amount to very low price per month. Therefore, on a monthly basis you’ll be saving more and paying less.

Are you thinking about installing a solar thermal system in your home? If yes, the you’d most likely be wondering the exact amount the system is going to cost. Well, you’re not alone. This is one of the most common question when it comes to solar thermal systems and we aim to answer that in this article. So let’s get started!

Unfortunately, the cost of a solar thermal system can’t be given in a single, accurate answer as they vary widely. However, when getting a new solar thermal system, you can expect to pay a sum within the range of £3000 to £6000 ( this includes a lowered VAT rate of 5 percent). The figures provided takes into account the installation costs as well as all the parts ( such as control panel, solar collectors, hot water tank and pipes).

To determine the price of your system, the quality and type of the panels matter. For instance, according to the Solar Trade Association, a properly insulated twin coil cylinder system would be priced at around £4500. in the same tone, it’s also possible to get DIY solar thermal kits that includes all the required hardware which will cost within the range of £1500 to £250. This however, may not be eligible for government support. In order to benefit from the RHI, your system must be fitted by a MCS accredited installer.

The varying prices of the solar thermal system’s initial cost is based on the specification of each individual house. For example, in situations where the building is having complicated water system, the plumbing cost is expected to increase which will have a serious impact on the overall cost of the solar thermal power system.

Obviously the performance of a solar thermal system will vary depending on the location of the home, the insulation of the property, and your own hot water requirements. Solar thermal panels are capable of providing all of your hot water requirements from April to September. They will still make a contribution to your hot water needs for the rest of the year, but in general you will need a backup system to further heat the water in the colder months.

If you’re thinking about installing a solar thermal system in your house, it’s always important to put into consideration numerous factors before you proceed. While some solar thermal systems are suitable for use at home, there are also some that are suitable for businesses or organizations which normally requires a big amount of hot water like hotels, restaurants, schools, hospitals and many more. You’ll also find some types available in the market that are suitable for communities to satisfy communal hot water demands.

It should, however, be noted that solar thermal systems do not have the capacity to produce all the hot water demand of a house. In the UK, an average household will need an annual water heating of between 3000kWh to 5000kWh. Whereas, a solar thermal system is only able to meet about 40 percent to 60 percent of this demand.

With that in mind, it’s also worth noting that during the summer months when the solar radiation is at its peak and hot water demand is relatively lower when compared to other seasons, a solar thermal system may be able to provide all of your household’s hot water needs. This implies that during this period you may not find the need to operate your boiler at all. However, during winter or colder months, when you have a higher hot water demands in contrary to a lower solar radiation, a solar thermal system will only be able to take care of about 20 percent of your household’s hot water needs. And that ultimately implies that during this period, you’ll need to rely more on a alternative or backup source of heat like gas, coal, electricity, oil or LPG.