Yeah, Solar Thermal is definitely the most efficient way to go when it comes to solar water heating. One reason I am not looking at it now is because I want to sell the home in less than two years. Integrating an efficient system like that seems like a waste when I will not benefit greatly from it. Selfish, I know, but being green to the planet should also save you a little green in my eyes.
The other reason I am thinking solar power... is that when night time comes I hope to be able to disconnect the solar panel and connect a pedal power generator. So my workout is also working towards a nice hot shower when I am done trying to burn excess calories.
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