I have had solar thermal over 20 years. Its pretty simple, a DC circulator pump, a used Siemens 60 watt PV panel, a simple controller two hot water panels and a Rheem Solaraide storage tank. It works but fundamentally it produces too much heat in the summer and marginal in the winter. Standard hot water panels only raise the water temp 80 F over ambient temps during the day. Its fine for preheating incoming water like I do in winter but not enough without supplementing it. My Rheem tank is basically an electric hot water heater with copper coil wrapped around it before its insulated and skinned and it has one set of electric elements. I didnt even hook up the elements until a few years ago as in the winter I use it for preheat and then use my wood boiler to heat it up the rest of the way.
Common system failures were differential temperature controller failures, acidic glycol eating the copper in the collectors and piping, air vents failing and check valves failing leading to freeze ups. Storage tank failures also are a known issue. I have fairly non aggressive water and change out my tank anode about every five years. Almost all tank type electric hot water heaters have sacrificial anodes and if they are changed routinely, heaters can last for the life of the house. Plumbers make their living selling heaters so few anodes are replaced. I do not know if Rheem even sells this tank anymore so its to my incentive to keep the anode in good shape. On many heaters the anode is too long to remove without hitting the ceiling. In that case, they have to be pulled up, clamped so they do not slide back down in the tank and cut off before pulling the rest of it out. There is special anode called a flexible anode or "hot dog" anode that is string of anodes on a stainless cable that will slide right back in. In areas with agressive water the anodes may need to be replaced every couple of years in other cases they can last ten years. It the anode isn't there or just a remnant is there, plan on replacing the heater soon. Also make sure to drain the sediment out of the tank bottom every year or two as corrosion cells can form in the bottom if the sediment gets deep.
Given the drop in PV costs and heat pump water heaters along with net metering, its far better to add a few PV panels and pump it back to the grid and then use it when you need it with a heat pump hot water heater. I am not abandoning mine and am always keeping my eye out for used SHW panels as when I build a new house I may still install one for mostly summer use since I have a few spares like spare DC pump and spare PV panels to drive it. Not sure what I would do for storage but think I would use an Aquamate tank typically used for residential hot water running off a zone of oil or gas heat. I would just switch over to the wood boiler in the winter and skip the preheat due to piping complexity.
BTW, evacuated tube type collectors look neat but the tubes tend to fail early and often. They tubes are not standardized, and finding replacements is impossible. I would recommend avoiding them. A thermal camera will easily show the contract between good and bad tubes.