Nick explores the differences between solar thermal panels and photovoltaic (PV) panels, clarifying common misconceptions about their functions. The episode covers the components and installation requirements for both systems, including the need for structural assessments and professional installation to ensure safety and efficiency. Nick discusses the pros and cons of each type of panel, highlighting benefits such as reduced energy bills and environmental advantages, alongside considerations like initial costs and weather dependency.

KEY TAKEAWAYS

1. Difference Between Solar Thermal and PV Panels: Solar thermal panels are designed to collect heat from the sun to heat water, while photovoltaic (PV) panels convert sunlight into electricity for home use.

2. Components of Solar Thermal Systems: A solar thermal system includes collectors, a heat exchanger, a storage tank, a circulation pump, and a controller, among other components, to efficiently heat water using solar energy.

3. Installation Considerations: Both solar thermal and PV panel installations require planning permission and a structural engineer's assessment to ensure the roof can support the additional weight. Professional installation is recommended for safety and compliance with regulations.

4. Pros and Cons: Solar thermal panels can reduce energy bills and have low maintenance needs, but their effectiveness depends on sunlight availability and they require a storage tank. PV panels also lower energy costs and can increase property value, but they have high initial costs and depend on weather conditions.

5. Government Incentives: There are various government incentives and grants available for both solar thermal and PV panel installations, which can help offset the initial investment costs.

BEST MOMENTS

"Solar thermal panels are basically just designed to collect heat from the sun and heat your hot water in your house."

"The effectiveness of solar thermal panels is dependent on the amount of sunlight available, which can vary depending on weather conditions."

"If you have a properly certified installed PV system on your property, it can certainly increase the value of that property."

"You need to obtain the plan of mission from your local council councillor."

"While it might be possible to install these panels yourselves, you're better off with a professional installation."

The UK’s #1 Property Investing Event – MSOPI Training

https://bit.ly/3FqcL4l

The UK’s #1 Property Investing Event – MSOPI Training London

https://bit.ly/4isD2xs

HOST BIO

Nick is an award winning property investor, voted Fastest Newcomer 2022 by Premier Property, and is an accredited Retrofit EPC Assessor. He sources and renovates properties for himself as well as other investors. While doing this he has developed his own systems for efficient investment, such as developing his own methods to save time when viewing properties and estimating market values and potential returns, costing out renovations.

He spends three months of the year abroad and while there continues his business with use of modern technology and his proven systems.

Location freedom has always been his "Why" for being a Property Investment and has now reached his ideal of the colder months spent in Thailand and the rest of the time in the UK, all while continuing to run his business

This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/