An active thermal energy storage system is disclosed which uses an energy storage material that is stable at atmospheric pressure and temperature and has a melting point higher than 32 degrees F. This energy storage material is held within a storage tank and used as an energy storage source, from which a heat transfer system (e.g., a heat pump) can draw to provide heating of residential or commercial buildings and associated hot water. The energy storage material may also accept waste heat from a conventional air conditioning loop, and may store such heat until needed. The system may be supplemented by a solar panel system that can be used to collect energy during daylight hours, storing the collected energy in the energy storage material. The stored energy may then be used during the evening hours to heat recirculation air for a building in which the system is installed.