I don't believe the PRV prevents water from flowing backwards through it.
However, the utility has an independent A.Y. McDonald true double check valve at the meter (on the line setter) which definitely stops water flowing the incorrect direction.
Yes, the thermal expansion takes up the extra volume created by having the pressure increase from hot water. In my case, it is not working like it is designed too since the TE tank is inside the loop.
I wonder why I get the "chatter" banging? This is what is not registering with my brain.
Hot water loop builds up 10000 psi of pressure. Check valve stopping hot water from flowing back into cold water supply line. Why the noise?
The check valve is a center spring and not a flapper/swing.
http://www.installuniversity.com/ima...ng/current.jpg
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My entire loop is level. I have been told that a pump is not needed but I found out that it is needed in my situation. I think it is because I have a level loop.

