Home Premium does include System Image function - doesn't back up over a network, but does to HD or optical discs.
If I were you I would use something else. There are many far better and more reliable alternatives.
A great free one is Macrium Reflect Free version. Much more flexible and reliable than the Windows one.
Macrium Reflect FREE Edition - Information and download
I have several imaging apps. Macrium is the one I find the best. I am fond of the Paragon products - Paragon Drive Backup 9 Pro ( not free) has an incredible number of features and options. I still prefer Macrium free. When Drive Backup 10 comes out - we shall see.