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If you’re thinking about installing ground source heat pumps for your home, you’ll definitely want to know whether or not its worth the money. In this article, we’re going to look at the various benefits and drawbacks of the heat pump to enable you make an informed purchase decision.

As a result of their high efficiency rate and low running cost, ground source heat pumps are incredibly low carbon heating system which are presently experiencing a rapid increase in popularity, therefore they can actually be a valuable investment. This type of heat pump utilizes the constant temperature of the ground to provide warmth to your home - either for a space or for water heating purposes. Upon installation, the cost of running ground source heat pump is relatively low. What’s more? This type of heating system is eligible for the Renewable Heat Incentive (RHI) which means you can also earn an extra income on the side as well. However, what makes most homeowners think twice before installing a ground source heat pump is the high cost of installation.

Heat pumps are greatly essential especially when it comes to minimizing the UK’s total carbon emissions. At present, there about 240,000 units of the heat pump installed and to help attain the UK’s 2050 Net Zero goals, an extra 19 million heat pumps will have to be installed. If you wish to help in the achievement of this goal, you can start by investing in a ground source heat pump. So let’s look at some of the pros and cons of the heat pump.

PROS

✓ Low running costs

✓ Low carbon heating

✓ Energy efficient

✓ Eligible for grants

✓ Increases property value

✓ Provides both cooling and heating

✓ Inexhaustible

CONS

✓ High installation costs.

✓ The soil type impact its level of efficiency.

✓ It can be hard to install in retrofits.

Solar thermal panels work by capturing heat directly from the sun and using it to heat water. This hot water is then passed through a coil to heat the water for your central heating system. Solar thermal systems are compatible with many existing conventional boilers with hot water tanks, and can be set up to feed in to your existing heating system.

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.

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.

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.

Solar panels are a great source of energy with numerous benefits that comes with it. However, the main thing that puts off most homeowners or potential buyers is the fact that the equipment are usually very expensive. So if you’re planning to purchase solar panels to be installed in your home, then you’d probably want to know if it’s actually worth the investment or otherwise. In this article, we aim to give you a good insight into how solar panels works and if its a viable investment.

Generally, the length of time it will take for your solar panels to payback and whether you’ll be able to make money from them will be based on the following factors:

✓ The solar panel PV system’s cost.

✓ The amount of the generated electricity that you’re able to use.

✓ Whether as well as the amount you’re paid to the electricity you’re able to generate and export.

To know whether your solar panels are truly worth it, then a higher initial cost to fit the system will require to be settled with the amount you’re able to save through the use of the renewable electricity it produces, rather than making purchases from your electricity company. In other words, the more renewable energy you’re able to use, the more savings you make. If you’re registered for the FIT and paid per kWh of electricity produced, for 50 percent of that, which is assumed to be exported to the grid. Therefore, if you’re able to use more than 50 percent, you’ll be able to benefit from the investment.