A method and apparatus for identifying a component failure within a thermal regenerator operates as follows. The burner control unit monitors at least one of a fuel pump characteristic for a fuel pump and an ignition system characteristic for an ignition system. The fuel pump is used to supply fuel to a fuel-fired burner and the ignition system is used to ignite fuel supplied to the fuel-fired burner. The fuel pump characteristic is communicated to the burner control unit which compares the fuel pump characteristic to a predetermined fuel pump criteria. The ignition system characteristic is communicated to the burner control unit which compares the ignition system characteristic to a predetermined ignition system criteria. The burner control unit identifies a fuel pump failure when the fuel pump characteristic does not meet the fuel pump criteria, and identifies an ignition system failure when the ignition system characteristic does not meet the ignition system criteria.