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.
LanguageEnglish
Publication statusPublished - 2014

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Economic analysis
Thermal energy
Life cycle
Costs
Water
Space heating
Cost effectiveness
Service life
Solar energy
Heating

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@conference{0f23272a78814e1a9823c974525717bc,
title = "ECONOMIC ANALYSIS OF AN INSTALLED SINGLE DWELLING SEASONAL THERMAL ENERGY STORE WITH VARYING demand: Eurosun 2014",
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.",
author = "Shane Colclough and David Redpath and Philip Griffiths",
note = "M1 - Conference Proceedings",
year = "2014",
language = "English",

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TY - CONF

T1 - ECONOMIC ANALYSIS OF AN INSTALLED SINGLE DWELLING SEASONAL THERMAL ENERGY STORE WITH VARYING demand

T2 - Eurosun 2014

AU - Colclough, Shane

AU - Redpath, David

AU - Griffiths, Philip

N1 - M1 - Conference Proceedings

PY - 2014

Y1 - 2014

N2 - 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.

AB - 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.

M3 - Paper

ER -