What are the economics of PV solar vs solar water heaters?
Photovoltaic panels are more efficient in any type of solar-operated device. Solar PV panels are considered as one of the best long-term investments and easy-to-operate solar systems, hence are one of the best solar water heater options. Solar PV panels use photovoltaic to absorb sunlight and store it in the form of electricity, which is further used to power several devices including heating water. On the other hand, solar water heaters , which are also known as solar thermal panels use direct sunlight or heat from the sun directly to heat water, which is also a good option but aren’t much efficient as compared to solar PV one.