Archive for the ‘Home Loan’ Category

Solar pool heaters are becoming extremely popular these days. The cost of installing and maintaining a pool heater can be extremely high. The running costs of heating the pool are also high enough for you to want to consider abandoning all thoughts of swimming in a season. While solar pool heaters can take away a large part of the running cost, they are not cheap or easy to install.

The first thing that you will need to consider is the existing water heater and whether you can use the pump for the same or not when you change the heating system to a solar one. In most cases the heating system is placed close to the pool and therefore the pump that is used to transfer water from the pool to the heating system is not too powerful. On the other hand when you use solar panels for heating pool water, you will need to pump it all the way up to the roof of the building where you have installed the panels. This will invariably require a stronger and more powerful pump.

You will need to factor in this cost when using a home loan calculator to check out the total amount that you need to apply for and the additional monthly instalment that you will need to pay. Some people make the mistake of assuming that they can sell off their current water heaters to reduce the overall cost of the pool water heaters. This is a mistake since you may need these for cloudy days when the sun is just not enough to warm the cool water in the pool.

For effective water heating, you need to calculate the number of solar panels that you need to install on the roof. This is something that will impact the cost of the entire project directly. The Resi home loan calculator is a great option where you can check the amount of money that you can extend your home loan to and the extra monthly amount that you will need to pay. In most cases you will be able to recover your costs in a maximum of three years due to the zero running cost that the solar panel provides you.