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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.

Not only will you reduce your electricity bill by generating your own electricity with solar panels, but you can also earn money through the SEG which is offered by large energy suppliers. They’ll pay you for the electricity you export back to the grid. You’ll also reduce your carbon footprint, lessening your impact on the environment.

When people think about heat pumps, they’ll automatically have the believe that a swimming pool will require a big heat pump. Since the swimming pool has a large volume of water, then warming such a volume will require a large ground source heat pump because that volume is much larger than the normal domestic hot water tank, right? Well, that point of reasoning does seem logical especially with the information almost everywhere that ground source heat pumps are usually less efficient when it comes to heating hot water for home’s use. However, the fact is there are also some things to put into consideration that also works in favour of the ground source heat pump.

First and foremost, you should know your domestic hot water will typically be heated to a much higher temperature when compared to your swimming pool. Since you wouldn’t be using the water to disinfect your bathroom or doing your dishes in your swimming pool, then the temperature can be much lower. In fact, it’s much more comfortable and enjoyable to heat to a typical “swimming pool temperature than having it at a hot bath temperature. If you’ve ever wandered into a really hot swimming pool, you wouldn’t need any introduction to the painful discomfort that comes next.

As a result of this low temperature, your “tiny heat pump can operate a in a more efficient way which makes the use of ground source heat pumps a viable swimming pool heating option. What’s more? The ground source heat pump works for a swimming pool just like any any other application - moving the heat from the region of a warmer temperature to the cooler temperature region.

There are two different types: flat plate, where lots of thin tubes carry water through a flat absorber panel, and evacuated tube, where vacuum glass tubes capture the sun’s energy directly. There is little difference in performance between the two but evacuated tube panels do more obviously extrude from the roof.

Solar panels provide an alternative to paying expensive National Grid energy rates, so primarily their first major benefit is helping to reduce bills. Solar PV panels will produce free electricity, whilst solar thermal panels generate heat for hot water and space heating. There are also payment incentives known as the Feed-in Tariff scheme (FITs) (for solar PV) and the Renewable Heat Incentive (for solar thermal) which guarantee a tax-free income for 20 years.

Tesla’s top-of-the-range battery storage system is still one of the most expensive on the market. It has a huge 13.5kWh usable capacity and can even keep you up and running during a power cut. But how long does a Tesla Powerwall battery last? And does this mean it’s worth investing in one?

The Tesla Powerwall 2.0 comes with a 10-year warranty. But Tesla says that it should last way beyond this – at least 5 years longer. The standard warranty says that it should work at 70% capacity for the full 10 years – so if it loses more than 30% of its storage capacity within that time, it should still be covered.

While the Tesla Powerwall does last a long time, it has a large capacity that most average households won’t require, and it’s a costly option. After installation, the Powerwall 2.0 will set you back between £6,500 and £9,000, so ideally you want it to last past its 10-year warranty.

Before you splash out, consider the size of the solar panel system you want to install or you already have. Will it generate enough electricity to make it worth storing in the Powerwall? If not, are you expecting to upgrade your solar panels to a larger system in the future? If you are, then it might be worth investing in a Powerwall. It might also be better to wait until you come to upgrade your solar panels – the solar battery price trend is going the same way as solar panels, so they will probably continue to decrease in price as more people adopt the technology.