On average, about 18% of home energy consumption is for water heating, the second largest consumer behind space heating. The primary technology used to do this is the tank-type water heater (both gas- and electric-powered), but solar water heating can be a cost-effective way to generate hot water.
Sunnovations, a Virginia-based start-up, is seeing more and more interest in its unique solar thermal technology and just closed a Series A round of financing led by Two Seven Ventures. That technology is explained in the attached images, and it may just make solar water heating a no-brainer for every home in the country. The system is relatively affordable, easy to install, and simple to maintain, according to the company.