The cost savings potential of controlling solar thermal collectors with storage for time-of-use electricity rates.

• Solar thermal collectors can be controlled based on time-of-use (TOU) electricity rates. • This TOU-based control strategy can increase annual cost savings by 30% • The TOU control strategy works better for systems with smaller solar fractions. • Only a simple time-based controller is required to implement this control strategy. • The target cost for a 1-year payback period is approximately $1000. Homes and commercial buildings account for roughly 40% of U.S. energy consumption. A significant portion of this energy consumption, and therefore utility cost, comes from domestic hot-water use. Solar collectors such as flat plate collectors, evacuated tubes, and combined photovoltaic/thermal panels, are renewable options that collect thermal energy and could help reduce utility costs. Hot water is generated by pumping a working fluid through the solar collector, where the fluid captures thermal energy via absorbed solar radiation incident on the collector surface. The collection of heat coincides with the availability of solar radiation, but the best time to use this thermal energy depends on the utility rate at a given time, which often changes throughout the day. In this work, we implement and simulate a control strategy using Transient System Simulation Tool (TRNSYS) that reduces utility costs by controlling when the system stores and uses thermal energy based on solar availability and time-of-use electricity rates. Our modeled results show that the control strategy can reduce utility costs associated with using hot water between 3% and 30%. We also show how the on-peak utility rates, the size and type of the solar collectors, and the location's climate impact the results. [ABSTRACT FROM AUTHOR]