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Yong X. Tao, Ph.D., P.E. PACCAR Professor of Engineering and Chair University of North Texas (UNT) Yimin Zhu, Ph.D. Pulte Homes Professor of Construc@on Management Louisiana State University (LSU)
Analysis of Energy, Environmental and Life Cycle Cost Reduc@on Poten@al of Ground Source Heat Pump (GSHP) in
Hot and Humid Climate
October 15, 2014
2
About Texas/DFW
Dallas-Fort Worth, Texas • Equidistant to the continent’s five largest
business centers (New York, Chicago, Los Angeles, Mexico City and Toronto).
• Home to 29 foreign consulate offices. • DFW Airport serves 175 world destinations
and is world ranked 3rd in terms of operations and 8th in terms of passengers.
• 239 languages are spoken in DFW; English is not the primary language in about 1 of 5 DFW households.
• 44% of DFW residents are new Americans, including 1+ million that have moved here in the past decade.
3
Project Overview
Scope: Evalua@on of actual energy and cost performance for installed GSHP/HGSHP in hot and humid climate where buildings have much larger cooling needs than hea@ng needs annually: Are they performing as designed and beRer than the conven@onal systems? Poten>al: Net zero energy buildings in hot and humid climate: • GSHP/HGSHP for energy efficient cooling/hea@ng • High solar electricity produc@on
4
Accomplished Tasks:
• DATA: Gather and analyze independent and sta@s@cally valid technical, cost, financial incen@ve data on installed GSHP/HGSHP applica@ons in residen@al and commercial buildings
• Energy Model: Develop a calibrated baseline and performance period model of new construc@on and retrofiRed buildings using TRNSYS/EnergyPlus simula@on programs.
• LCC Model: Develop a cost/benefit model and tool including life cycle cost (LCC) analysis of GSHP and HGSHP system based on data collected and correlate the data with iden@fied parameters
5
Building Selec>on
General Informa>on GSHP Informa>on
ID Loca@on Building Type
Floor Area ( \2)
Type of Loop
Total Capacity (tons)
Ground Loop Basic Dimensions
Case 1
Tampa, FL Residen@al 2663
Open Loop /
Two Wells 5 160 \ well depth
Case 2
Tampa, FL Residen@al 2550
Open Loop /
Two Wells 4 N/Aa
Case3 Tampa, FL Residen@al 3200
Open Loop /
Two Wells 5 100 \ well depth
Case 4
Tampa, FL Residen@al 16105 N/Ab
Non-monitored case studies
a. No well and pipe information is available. b. No system information is available.
6
Monitored case studies -‐ 8 buildings: 4 Residen@al /4 Commercial
General Informa>on GSHP Informa>on ID Loca>on Building Type Floor Area
(S2) Type of Loop
Total Capacity (tons) Ground Loop Basic Dimensions
BR1 Tampa, FL Residen>al 1600
Open Loop / Two
Well 3 80 S well depth , 4" well diameter60 S
well spacing , 1" pipe size @ pump
BR2 Tampa, FL Residen>al 1900
Open Loop / Two
Well 4 150 S well depth , 4" well diameter100 S
well spacing , 1" pipe size @ pump
BR3 Pensacola, FL Residen>al 2800
Closed Loop / Ver>cal
5 6 boreholes , 250 S depth-‐3/4" U-‐tube 1 1/4" pipe size @ pump
BR4 Robertsdale, AL Residen>al 2800
Closed Loop /
Horizontal 5 (2+3)
5 trenches-‐ 100S(L)*3S(W)*6S(D) 600S of 3/4" tube in each trench 1 1/4 " pipe
size @ pump
BC1 Pensacola, FL
Commercial / Opera>on Center
6000 Closed Loop / Ver>cal
19 17 boreholes , 300 S depth -‐ 3/4" U-‐tube 2" pipe size @ pump
BC2 Pensacola, FL
Commercial / Office 4250
Closed Loop / Ver>cal
13 (2X6+1) 14 boreholes , 300 S depth -‐ 3/4" U-‐tube 3" pipe size @ pump
BC3 Pensacola, FL
Commercial / Restaurant 13600
Closed Loop / Ver>cal
129 135 boreholes , 300 S depth -‐ 3/4" U-‐tube 10" pipe size @ pump
BC4 Pensacola, FL
Commercial / Hotel 80145
Closed Loop /
Ver>cal / Hybrid
340 (150 tons cooling tower)
96 boreholes , 200 S depth -‐ 1" U-‐tube 8" pipe size @ pump
7
BR3
BR4
8
BC2: Office Building
BC3: Restaurant
9
Typical Data collec>on
• Three weeks GSHP field data: – Schenitec ultrasonic Btu meter, which was installed on the entering and exis@ng
posi@ons of a water pipe to measure the water flow rate in the pipe. – Fluxus ultrasonic Btu meter, that was installed on the main ground loop to
measure and log the heat transfer rate to the ground – WaRnodes with Campbell Scien@fic data logger, which were installed to measure
and log the power consump@on of the heat pump systems in four mechanical room.
– 5 Hobo sensors to measure and log temperature and rela@ve humidity of inside and outside of the building and also before and a\er the coil in the monitored heat pump unit.
• Total electrical consump@on data from u@lity bills. • Building architecture drawings • Local weather data
10
Ground source heat pump monitoring protocol
• Heat transfer rate of the heat pump to the ground water • Power consump@on of the heat pump • Total heat transfer rate to the ground water ( For systems with
more than one heat pumps) • Total power consump@on of the heat pump system ( For
systems with more than one heat pumps) • Cooling/Hea@ng load of the heat pump coil (Op@onal: Due to
the availability of the monitoring equipment) • Air temperature and humidity of the occupied areas of the
building • Temperature and humidity of the outside air
11
Sensors and loggers for exis>ng systems
Parameter Suggested Measuring Device Suggested Data Logger Measuring Device Loca>on
Heat transfer rate to the ground water (Pipe diameter greater than 1 ¼
inch)
Fluxus F601 ultrasonic Btu meter Internal logger Inlet and Outlet of ground
water into HP/ground
Heat transfer rate to the ground water (Pipe diameter less
than 1 ¼ inch)
Schenitec STUFF-‐300F ultrasonic Btu meter SD-‐card data logger Inlet and Outlet of ground
water into HP/ground
Power consump>on
Waj Node Transducer WNA-‐1P-‐240-‐P (For 1
Phase powered buildings) WNA-‐3Y-‐208-‐P (For 3
Phase powered buildings)
Campell Scien>fic CR-‐206 Electrical Breaker Box
Cooling/Hea>ng load of the heat pump
coil HOBO Sensor* Internal logger Before and aSer heat pump
coil Air temperature and
humidity of the occupied areas of
the building HOBO Sensor Internal logger Occupied Area
Temperature and humidity of the outside air
HOBO Sensor Internal logger Outside of the building
12
Fuxus F601 Btu meter mounted on a pipe
WattNode transducer
HOBO sensor (Temperature/ Relative humidity) Campbell Scientific CR-206 data logger
13
Compara>ve Study: GSHP vs. Equiv. ASHP Building GSHP unit model Equivalent ASHP unit model
BR1 CLIMATE MASTER TTH038 (3 tons) Carrier 50TCQ A04(3 tons)
BR2 CLIMATE MASTER TTH049 (4 tons) Carrier 50TCQ A05(4 tons)
BR3 WaterFurnace Envision NDH064 (5 tons) Carrier 50TCQ A06(5 tons)
BR4 WaterFurnace 1-‐ E Series (E036) (3 tons) 2-‐ Versatec (2 tons)
Carrier1-‐HBC3 (2 tons) 2-‐50TCQ A04 (3 tons)
BC1 WaterFurnace Envision 1-‐ND064 (5 tons) 2-‐ND038 (3 tons)
Carrier 50TCQ 1-‐ A06 (5 tons) 2-‐A04 (3 tons)
BC2 WaterFurnace Envision NDH072 (6 tons) Carrier 50TCQ A07 (6 tons)
BC3 FHP EC series Carrier 50TCQ series
BC4 CLIMATE MASTER (Total 180 tons) Carrier (Total 180 tons)
14
Case Study: BR1 – Open-‐loop GSHP
• TRNSYS connec@on map
Turn
Radiation
Weather data
Psychrometrics
Sky temp
Temperature
Building
Type114Type504b
Type108
Type25c
Type14d
Type14c
Type31b
Type501
Monthly-2
15
BR1: Equivalent Conven>onal Air Source Heat Pump
TurnTurnRadiation
Weather data
Psychrometrics
Sky temp
Building
Type65d
Type665-3Type108
TYPE24 Type25c
Monthly-2
16
Comparison (simulated vs. measured): GSHP
• Annual Power Consump@on
• Monthly
124.4 139.4
0 15 30 45 60 75 90 105 120 135 150
Measure_data Simula@on_data
Energy Consump>on
(kWh)
0 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400
1 2 3 4 5 6 7 8 9 10 11 12
Monthly Electric
Consump>on (kWh)
Month
Simula@on_result Electric_bill
17
Comparison between GSHP and Equiv. ASHP
0.00E+00
5.00E+03
1.00E+04
1.50E+04
2.00E+04
2.50E+04
Total_with GSHP Total with ASHP
Annual Energy Consump>on
(KWH) Equip.
Ligh@ng
HVAC
18
HGSHP Schema>c diagram
Background • Disadvantage of GSH
– High ini@al cost – Load imbalance increases the
ground temperature specially in hot climate
• Advantage of HGSHP – Lower ini@al cost – Handle excess heat rejec@on
load to ground
• Disadvantage of GSH – Addi@onal maintenance cost – Complicate opera@on control
Case Study: BC4 -‐ HGSHP
19
Southwest view of the HGSHP building
Construc>on Summary • Loca@on: Pensacola, FL • Building type: Hotel • 117 rooms, constructed in
2002
BC4 Building Specifica>on
Construc>on Detail
Floor area(m2) 7959
Number of floor
5
Exterior wall layer
Gypsum board 2” Concrete block stucco 12”
Exterior insula@on and finish
Roof layer R-‐19 insula@on, 6” STUD
Glazing U-‐Value
U-‐2.89 W/m2k
Building informa>on
20
• 300-‐ton hybrid GSHP – 150ton evapora@ve fluid
cooler – 150 ton GHX
• HVAC – Unitary heat pump, roof top
unit for room, public area – Water to Water heat pump for
ice machines and pool and spa hea@ng
• 40 HP pumps in main condenser loop
HVAC Specifica>on
HVAC System Detail
HVAC 180 tons unitary heat pump
81 tons water to water heat pump
50 tons roof top air condi@oner
Condenser loop
GPX (150tons)
98@200\
I in U-‐tube
Cooling tower (150tons)
Evapora@ve fluid cooler
HVAC descrip>on
21
Southwest view of the HGSHP building
HGSHP Loop Schema>c • Loca@on: Pensacola, FL
Simula>on Model
Building Geometry Model
Energyplus Loop Descrip>on
22
Model Calibra>on
100% OA Roof Top
AC 7%
Other Electrical Energy
Consump>on 65%
SPA and DHW 8%
Main Loop Pumping 18%
Cooling tower 2%
Simula>on Result
Cooling tower 2%
RooSop AC 7%
SPA and DHW 7%
Main loop
pumping 17%
Other Electrical Energy
Consump>on 67%
Actual U>lity Data
0
5
10
15
20
25
30
35
40
1 2 3 4 5 6 7 8 9 10 11 12
Average entering water temperature
(deg C)
Month
simulated data measured data
*TRNSYS
23
Comparison of Annual Energy Consump>on
• Compare annual energy consump@on – GHP – HGSP – ASHP
Simula>on Result
0
100000
200000
300000
400000
500000
600000
700000
GHSP HyGSHP ASHP
Annual energy consump>on
(Kwh)
24
Life Cycle Cost Analysis Considera>on
• The Main Cost Variables for LCC analysis – Ini>al Cost – Electricity Cost – Maintenance Cost – Replacement Cost
• Addi>onal Cost Parameter – Incen>ves – Electricity Rates – Discount Rates – Life Cycle – Residual Value of GSHP system
25
Data Types and Sources
Type Poten>al Source
GSHP System Conven@onal System
Ini>al Costs Survey of the owners Standard data with input from contractors
Maintenance Costs Standard data and literature
Standard data
Replacement Costs Survey of the owners, standard and literature
Standard data
Electricity Consump>on Owner’s electricity bill and simula@on
Simula@on
Incen>ves Federal government and local power company
N/A
Electricity Rate Local power company and historical data
Local power company and historical data
Discount Rate Literature Literature
26
Life Cycle Cost Analysis: BC4
Ini>al Cost ($)
Maintenance Cost ($)
Periodic Cost ($)
Annual Electricity
Cost ($)
Tax Credit ($)
U>lity Rebate ($)
GHSP 874,900 20,988 425,463 47,390 262,470 102,000
Conven>onal 801,450 54,595 772,071 50,259
Year Without Incen>ve
GSHP NPV ($) Conven>onal NPV ($)
Total (Mean) 2,529,348 3,457,207
Year With Incen>ve
GSHP NPV ($) Conven>onal NPV ($)
Total (Mean) 2,252,921 3,457,041
Cost Data for GSHP and ASHP system
LCC Analysis Result
Life: 20 years Parts Replacement for ASHP: Every ten years
27
HGSHP System and Conven>onal System
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
GSHP Conven@onal
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
GSHP Conven@onal
Without Incen>ves With Incen>ves
Cumulative Net Present Value Comparison
28
Ra>o Sensi>vity Analysis without Incen>ves: BC4
HGSHP HGSHP Conven>onal Conven>onal Ini>al Cost $ 874,900 107% $ 801,450 -‐117% Energy Cost 976,255 96% 1,035,351 -‐91% Maintenance Cost 432,568 217% 1,124,676 -‐83% Replacement Cost 235,569 398% 495,563 -‐189% Total 2,519,291 3,457,041
Conclusion: For commercial systems, without incentive, HGSHP is better than the conventional one. Costs are not sensitive to change the conclusion
29
Ra>o Sensi>vity Analysis without Incen>ves: BR3
Year Without Incen>ve With Incen>ve
GSHP NPV Conven@onal NPV GSHP NPV Conven@onal NPV Total $ (Mean) 41,347 36,952 32,647 36,952
Life Cycle Cost Analysis
GSHP GSHP Conven>onal Conven>onal Ini>al Cost $ 25,000 -‐18% $ 11,536 38% Energy Cost 11,166 -‐39% 17,085 26% Maintenance Cost 1,557 -‐282% 4,049 109% Replacement Cost 3,623 -‐121% 4,282 103% Total $ 41,347 $ 36,952
Conclusion: In order to compete for residential systems, the initial cost must decrease (justification for incentive), or energy cost increases. Costs are sensitive to swing the observation.
30
Summary of addi>onal studies
BR3: COP and LCR (load/consump@on ra@o)
0
2
4
6
8
0 20 40 60 80 100 120 140 Time Interval Indicator
31
BR3: EnergyPlus and TRNSYS
0
200
400
600
800
1000
1200
1400
1600
1 2 3 4 5 6 7 8 9 10 11 12
Monthly Electric Energy
Consump>on (KWh)
Month
ENERGYPLUS Actual Electric Consump@on TRNSYS
32
Energy Saving compared to conven>onal equivalent
1187 1852 3265 1300 8361
3009
15100
39397
0
10000
20000
30000
40000
50000
BR1 BR2 BR3 BR4 BC1 BC2 BC3 BC4
Annu
al ene
rgy saving
(kWh)
13.9 18.6
34.6
13.6 17.2
13.5 9.2
5.7
0
5
10
15
20
25
30
35
40
BR1 BR2 BR3 BR4 BC1 BC2 BC3 BC4
Energy sa
ving (%
)
33
Summary and Conclusions
• Residen@al applica@ons: – The case studies show that the applica@on of GSHP systems to residen@al buildings is more uncertain than commercial/office buildings. This may be because the ini@al costs are rela@vely too high and the savings from energy costs cannot easily offset the ini@al costs in residen@al applica@ons.
– Incen@ves, in this case, are cri@cal to make residen@al applica@ons feasible.
– It appears that ini@al costs and energy costs are rela@vely more sensi@ve than maintenance costs and replacement costs. Thus, the rising energy costs may become a driver for more GSHP applica@ons as well in the future.
34
Summary and Conclusions
• Commercial/Office Applica@ons – All case demonstrated favorable results for GSHP applica@on even without incen@ves.
– The applica@on of incen@ves helps to reduce payback @me.
– In such applica@ons, it seems that some@mes maintenance costs may become more sensi@ve than ini@al costs or energy costs.
35
Summary and Conclusions
• Case Study – HGSHP op@on shows more favorable than the conven@onal system
• GSHP/HGSHP in Hot and Humid Climate – Good poten@al, especially for Commercial Applica@on
36
Acknowledgements
• Dr. Rambod Rayegan, Ph.D. student at FIU and later the Post-‐Doctoral Associate at UNT
• Dr. Junghyon Mun, Post –Doctoral Research Associate at UNT
• Mr. Jiang Zhu, Master student in FIU and UNT • Dr. Teshome Jiru, Post-‐Doctoral Fellow at FIU • Mr. Sebas@an Munera, Master student at FIU • Mr. Ce@n Canbek, Master student at FIU • Mr. Shivam Phadtare, Master student at FIU
37
External Collaborators and Partners
• Dr. Xiaobing Liu, Oak Ridge Na@onal Lab, Oak Ridge, Tennessee, formerly at ClimateMaster, Inc., Oklahoma City, Oklahoma
• Mr. Keith Swilley, Gulf Power Company, Pensacola, Florida • Mr. Jay Egg, Egg Geothermal Air Condi@oning and Pool Hea@ng,
Tampa, Florida • Mr. C. V. Craig Muccio, Florida Power and Light Company,
Miami, Florida
38
Case 1 – BR1
ID Building Size (sf)1
System Tonnage (ton)2
Life Cycle (year)3
Geothermal System
Ini@al Cost ($)4
Tax Credit ($)5
U@lity Rebate ($)6
Maintenance Cost ($)7
Periodic Cost ($)8
Annual Electricity Cost
($)9 BR1 1,600 3 30 29,600 8,880 900 43.2 4,620/ 20 years 790
Cost data for the GHSP System
Notes: 1, 2, 4, 5 and 6 are derived from survey; 3 is assumed; 7 and 8 are estimated based on RS Means data and literature; 9 is derived based on the simulation of electricity consumption and electricity rate prediction.
ID Building Size (sf)1
System Tonnage (ton)2
Life Cycle (year)3
Conven>onal
Ini@al Cost ($)4 Maintenance Cost ($)5 Periodic Cost ($)6 Annual Electricity
Cost ($)7 BR1 1600 3 30 6,592 112.32 4,540/15 years 910
Cost data for the Conventional System
Notes: 1 and 2 are derived from survey; 3 is assumed; 4, 5, and 6 are estimated based on RS Means data and literature; 7 is derived based on the simulation of electricity consumption and electricity rate prediction.
39
Case 1 – BR1
Year Without Incen>ve With Incen>ve
GSHP NPV Conven@onal NPV GSHP NPV Conven@onal NPV Total (Mean) 49,249 34,725 40,512 34,725
Life Cycle Cost Analysis
GSHP GSHP Conven>onal Conven>onal Ini>al Cost 26,125 56% 6,592 220% Energy Cost 19,676 74% 22,841 64% Maintenance Cost 890 1632% 2,314 628% Replacement Cost 2,558 568% 2,978 488% Total 49,249 34,725
Ratio Sensitivity Analysis without Incentives
40
Case 2 – BR2
Cost data for the GHSP System
Cost data for the Conventional System
ID Building Size (sf)
System Tonnage (ton)
Life Cycle (year)
Geothermal System Ini@al Cost ($)
Tax Credit ($) U@lity Rebate ($)
Maintenance Cost ($)
Periodic Cost ($)
Annual Electricity Cost ($)
BR2 1900 4 30 27,666 8300 1200 51.3 6,10420 years 1,045
ID Building Size (sf)
System Tonnage (ton)
Life Cycle (year)
Conven>onal
Ini@al Cost ($) Maintenance Cost ($) Periodic Cost ($) Annual Electricity Cost
($) BR2 1900 4 30 7,828 133.38 6,187/15 years 1,285
41
Case 2 – BR2
Year Without Incen>ve With Incen>ve
GSHP NPV Conven@onal NPV GSHP NPV Conven@onal NPV Total (Mean) 47,267 41,009 39,676 41,009
Life Cycle Cost Analysis
GSHP GSHP Conven>onal Conven>onal Ini>al Cost 21,303 29% 7,828 80% Energy Cost 21,528 29% 26,462 24% Maintenance Cost 1,057 592% 2,748 228% Replacement Cost 3,380 185% 3,971 158% Total 47,267 41,009
Ratio Sensitivity Analysis without Incentives
42
Case 3 – BR3
Cost data for the GHSP System
Cost data for the Conventional System
ID Building Size (sf)
System Tonnage (ton)
Life Cycle (year)
Geothermal System Ini@al Cost ($)
Tax Credit ($) U@lity Rebate ($)
Maintenance Cost ($)
Periodic Cost ($)
Annual Electricity Cost ($)
BR3 2,800 5 30 25,000 7,500 2,000 75.6 6,545/20 years 576
ID Building Size (sf)
System Tonnage (ton)
Life Cycle (year)
Conven>onal
Ini@al Cost ($) Maintenance Cost ($) Periodic Cost ($) Annual Electricity Cost
($) BR3 2,800 5 30 11,144 196.56 6,671 829
43
Case 3 – BR3
Year Without Incen>ve With Incen>ve
GSHP NPV Conven@onal NPV GSHP NPV Conven@onal NPV Total (Mean) 41,347 36,952 32,647 36,952
Life Cycle Cost Analysis
GSHP GSHP Conven>onal Conven>onal Ini>al Cost 25,000 18% 11,536 38% Energy Cost 11,166 39% 17,085 26% Maintenance Cost 1,557 282% 4,049 109% Replacement Cost 3,623 121% 4,282 103% Total 41,347 36,952
Ratio Sensitivity Analysis without Incentives
44
Case 5 – BC1
Cost data for the GHSP System
Cost data for the Conventional System
ID Building Size (sf)
System Tonnage (ton)
Life Cycle (year)
Geothermal System Ini@al Cost ($)
Tax Credit ($) U@lity Rebate ($)
Maintenance Cost ($)
Periodic Cost ($)
Annual Electricity Cost ($)
BC1 6,000 19 30 87,500 26,250 7,600 1,572 28,864 4,919
ID Building Size (sf)
System Tonnage (ton)
Life Cycle (year)
Conven>onal
Ini@al Cost ($) Maintenance Cost ($) Periodic Cost ($) Annual Electricity Cost
($) BC1 6,000 19 30 60,000 4,087 34,156 7,183
45
Case 5 – BC1
Year Without Incen>ve With Incen>ve
GSHP NPV Conven@onal NPV GSHP NPV Conven@onal NPV Total (Mean) 237,195 314,087 205,245 314,087
Life Cycle Cost Analysis
GSHP GSHP Conven>onal Conven>onal Ini>al Cost 87,500 88% 60,000 128% Energy Cost 101,330 76% 147,966 52% Maintenance Cost 32,384 237% 84,198 91% Replacement Cost 15,981 481% 21,923 351% Total 237,195 314,087
Ratio Sensitivity Analysis without Incentives
46
Case 6 – BC2
Cost data for the GHSP System
Cost data for the Conventional System
ID Building Size (sf)
System Tonnage (ton)
Life Cycle (year)
Geothermal System Ini@al Cost ($)
Tax Credit ($) U@lity Rebate ($)
Maintenance Cost ($)
Periodic Cost ($)
Annual Electricity Cost ($)
BC2 4,250 13 30 72,555 21,767 3,900 1,115 19,795 2,530
ID Building Size (sf)
System Tonnage (ton)
Life Cycle (year)
Conven>onal
Ini@al Cost ($) Maintenance Cost ($) Periodic Cost ($) Annual Electricity Cost
($) BC2 4,250 13 30 42,500 2,895 24,905 2,885
47
Case 6 – BC2
Year Without Incen>ve With Incen>ve
GSHP NPV Conven@onal NPV GSHP NPV Conven@onal NPV Total (Mean) 158,572 177,568 133,121 177,565
Life Cycle Cost Analysis
GSHP GSHP Conven>onal Conven>onal Ini>al Cost 72,555 26% 42,500 45% Energy Cost 52,117 36% 59,438 32% Maintenance Cost 22,939 83% 59,640 32% Replacement Cost 10,960 173% 15,986 119% Total 158,571 177,565
Ratio Sensitivity Analysis without Incentives
48
Case 7 – BC3
Cost data for the GHSP System
Cost data for the Conventional System
ID Building Size (sf)
System Tonnage (ton)
Life Cycle (year)
Geothermal System
Ini@al Cost ($)
Tax Credit ($)
U@lity Rebate ($)
Maintenance Cost ($)
Periodic Cost ($)
Annual Electricity Cost ($)
BC3 13,600 129 30 538,148 161,444 38,700 3,563 216,186 19,180
ID Building Size (sf)
System Tonnage (ton)
Life Cycle (year)
Conven>onal
Ini@al Cost ($) Maintenance Cost ($) Periodic Cost ($) Annual Electricity Cost
($) BC3 13,600 129 30 340,000 9,264 648,786 21,133
49
Case 7 – BC3
Year Without Incen>ve With Incen>ve
GSHP NPV Conven@onal NPV GSHP NPV Conven@onal NPV Total (Mean) 1,126,370 1,382,631 961,025 1,382,631
Life Cycle Cost Analysis
GSHP GSHP Conven>onal Conven>onal Ini>al Cost 538,148 48% 340,000 75% Energy Cost 395,125 65% 435,351 59% Maintenance Cost 73,403 349% 190,849 134% Replacement Cost 119,694 214% 416,431 62% Total 1,126,370 1,382,631
Ratio Sensitivity Analysis without Incentives
50
Case 8 – BC4
Cost data for the GHSP System
Cost data for the Conventional System
ID Building Size (sf)
System Tonnage (ton)
Life Cycle (year)
Geothermal System
Ini@al Cost ($)
Tax Credit ($)
U@lity Rebate ($)
Maintenance Cost ($)
Periodic Cost ($)
Annual Electricity Cost ($)
BC4 80,145 340 30 874,900 262,470 102000 20,988 425,463 47,390
ID Building Size (sf)
System Tonnage (ton)
Life Cycle (year)
Conven>onal
Ini@al Cost ($) Maintenance Cost ($) Periodic Cost ($) Annual Electricity Cost
($) BC4 80,145 340 30 801450 54,595 772,071 50,259