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Hi Shane
This boils down to preference, budget and usage.
You are wrong to say solar thermal can only be used at peak times. With solar thermal you are able to store your hot water produced throughout the day, for use in the evenings. If your tank is well insulated this can be stored right through to the following morning time.
In an ideal world, all homes would have PV solar panels, but the costs simply make it unaffordable for most people. That is why solar thermal is popular. All homes need hot water, and a large chunk of everyones energy bills is caused by heating and keeping their hot water above 60 degree C level. Solar thermal, allows you to keep your boiler dormant for most of the year, and some in winter. Less energy being used, more lifespan added to their boiler and ultimately lower bills and emissions.
Solar Water Heating will provide 50 to 70% of your home’s annual hot water, reducing your energy bills and CO2 emissions.
Solar panel makes a statement about your families environmental commitments.
The UK's North Sea gas production provides a diminishing proportion of our domestic energy requirements leaving the UK to rely on imported, unstable and unsustainable Russian gas supplies.
A recent Financial Times article states: “The cost of energy, resources, materials and manufacturing is rising globally.”
It is likely that the financial cost of solar panels and their installation will rise in the future in line with the cost of energy, resources, materials and other manufacturing costs. Selling or thinking of selling your home? An Energy Saving Trust recent survey found:
“Home buyers would choose to buy a house with solar panels over a house with no solar panels."
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