ECONOMIC ANALYSIS OF AN INSTALLED SINGLE DWELLING SEASONAL THERMAL ENERGY STORE WITH VARYING demand: Eurosun 2014

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Abstract

The financial viability of a domestic sized solar Seasonal Thermal Energy Store (STES) installed in a low-energy house located in a Temperate Maritime Climate was investigated. Using the figures for the recorded performance in combination with the installation costs, a financial Life Cycle Analysis was undertaken to establish the cost effectiveness of this. Three Domestic Hot Water (DHW) usage scenarios were considered on the impact of DHW consumption on the solar energy available for space heating and the STES surplus (or deficit) heat.
A Life Cycle Cost (LCC) analysis identified the optimal cost-effective solution. As part of the life cycle cost analysis the effects of varying service life of the STES was considered. This shows that while a direct heating and hot water system incorporating STES can be economically viable in a temperate maritime climate in the long term, the financial viability of the solar/STES installation is seen to be heavily dependent on the profile of DHW consumption.
Original languageEnglish
Publication statusPublished (in print/issue) - 2014

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M1 - Conference Proceedings

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