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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.

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.

Are you interested in installing an air source heat pump in your home or property? If yes, then you’d probably want to know just how much this is going to cost. Well, so are many other potential investors in the unit and we aim to answer this question once and for all. In this post, you’re going to discover the price range at which your new air source heat pump will fall in.

As simple as it seems, the cost of an air source heat pump can’t be accurate and straightforward as there are a number of factors that greatly influences the price. These influencing factors include the size of the heat pump, the system’s complexity, your personal preference - whether simple or advanced controls, and lots more. However, according to Energy Saving Trust, an air-to-water heat pump should fall within the range of £7000 to about £11000. What’s more? You’ll also need to put into consideration the cost of upgrading your radiators or fitting underfloor heating which can also cost you thousands of pounds.

In general, the main cost of a heat pump is the upfront cost of making a purchase as well as installing it. The heat pump will consume a little amount of electricity and the running costs are also relatively low. The amount your air source heat pump will cost largely depends on your home’s size, the temperature you want your home or property to be as well as how properly insulated your home is.

The period of time it’ll take to recoup your investment in the system in energy savings will also depend on a wide range of factors including the price you pay for electricity, how efficiently the system works, how you use the heat generated and more.

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.

So do you wish to take advantage of the heat generated by the ground to warm up your home by getting a ground source heating pump? If yes, then you’d also probably be wondering how much a ground source heat pump is going to cost so you can set a budget and start planning.

Installing and running ground source heat pump can cost between the range of £600 to £700 to run on an annual basis, meanwhile it can cost you within a range of £13,000 to £19,000 to have installed. However, you should take note that these prices can be by varying influencing factors such as the size of the installation as well as any other extra work that may needed to complete the job.

When it comes to estimating the time it takes to recover the initial cost of the system via energy savings, nothing is certain as this can be very hard to determine or predict. The main reason for this is due to the fact that it’s dependent on the efficiency of your heating system, the type of system you’re replacing ( whether or not you qualify for Renewable Heat Incentive -RHI payments ), the efficiency of your home’s insulation, how efficiently the system’s controls are being used and how the heat generated from the ground source heat pump would be put to use. However, to figure out how much you’ll save, the type of fuel replacing is perhaps the most essential. For a four bedroom detached house, you can save between a range of £1,200 to £1,300 for a LPG fuel replaced, £1,400 to £1,500 for an electricity fuel replaced, £600 to £700 for an oil fuel replaced and finally, £200 to £300 for a solid fuel replaced.

If you’re interested in getting a new air source heat pump, then you’d probably want to know if they’re really advantageous, cost effective and efficient. The fact is, there are a plethora of benefits that comes with using heat pumps which is a renewable alternative to warm up your home in the UK.

An air source heat pump can help you save money on energy bills while also minimizing your carbon footprint as compared to a gas or electric heating system. Another important benefit that comes with air source heat pump is the fact that they’re quire versatile and yet affordable. Generally, they can function either for heating or cooling purposes and they can also be incorporated for either heating of space or water. In fact, in order to achieve the target Net Zero by 2050, the UK government are looking to fit 19 million heat pumps in new builds. With significant rise in the deployment of heat pumps, the grants by the UK government enables this renewable energy source to become a lot more affordable to run while also helping to minimize the burden of the air source heat pump cost.

As perfect as it seems, this renewable source of energy also comes with a number of disadvantage which we’re going to list out. Let’s take a look!

• There must be sufficient space in your garden to accommodate the external condenser unit.
• The condenser unit can make a lot of noise and even blow colder air into their immediate area.
• Since they consume electricity to operate, this also means they’re not zero carbon unless the electricity is produced from a renewable source like solar panels etc.