A Study of Comparative Economic Evaluation for the System of Ground Source Heat Pump and District Heating and Cooling:Focusing on the Analysis of Operation Case

Abstract

The purpose of this study is to perform comparative economic evaluation for the systems of ground source heat pump (GSHP) and district heating and cooling (DHC) by focusing on the analysis of operation case of GSHP. The adapted research object is a public office building located in Seoul. The capacity of ground source pump is about 3,900 kW. Ground heat exchanger is closed loop type. The analysis period for life cycle cost is 30 years. Economic evaluation is assessed from the viewpoints of the following four parts: initial cost, energy cost, maintenance and replacement cost, and environment cost. The total life cycle cost of GSHP is approximately 8,447 million won. The cost of the DHC System is approximately 3,793 million won. The cost of the DHC is approximately 46% lower than GSHP system under the condition of current rate for GSHP and DHC.