Solar Hot Water (Solar Thermal Panels) in Banbury

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.

Most domestic solar thermal panels do not need planning permission and are covered by permitted development rights. There are restrictions on the size and location of these systems. If you live in a conservation area or listed building, or want to install a very large solar thermal system, check with your local authority to see if you will need planning permission.

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.