A Spatially-Explicit Economic and Financial Assessment of Closed-Loop Ground-Source Geothermal Heat Pumps: A Case Study for the Residential Buildings of Valle d’Aosta Region

Ground Source Heat Pumps (GSHPs) take advantage of the high thermal inertia of the ground to achieve a higher energy efficiency compared to Air Source Heat Pumps. GSHPs, therefore, have the potential to reduce heating, cooling, and domestic hot water costs, however the high installation cost of bore...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Antonio Novelli, Valentina D’Alonzo, Simon Pezzutto, Rubén Aarón Estrada Poggio, Alessandro Casasso, Pietro Zambelli
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	Geographic Information System (GIS) Ground Source Heat Pumps (GSHPs) closed-loop financial analysis Levelized Cost of Energy (LCOE) Discounted Payback Period (DPP) Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/203f192ca59c467d89c6413c0c13dc37
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:203f192ca59c467d89c6413c0c13dc37
record_format	dspace
spelling	oai:doaj.org-article:203f192ca59c467d89c6413c0c13dc372021-11-25T19:01:41ZA Spatially-Explicit Economic and Financial Assessment of Closed-Loop Ground-Source Geothermal Heat Pumps: A Case Study for the Residential Buildings of Valle d’Aosta Region10.3390/su1322125162071-1050https://doaj.org/article/203f192ca59c467d89c6413c0c13dc372021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/22/12516https://doaj.org/toc/2071-1050Ground Source Heat Pumps (GSHPs) take advantage of the high thermal inertia of the ground to achieve a higher energy efficiency compared to Air Source Heat Pumps. GSHPs, therefore, have the potential to reduce heating, cooling, and domestic hot water costs, however the high installation cost of borehole heat exchangers (BHEs) limits the growth of such installations. Nevertheless, GSHPs can be profitable under certain conditions (climate, expensive fuels, subsidies, etc.), which can be identified using geo-referenced data and Geographical Information Systems (GIS). The proposed work investigates the economic and financial ability of GSHPs to cover the heat demand of the residential building stock of the Italian region Valle d’Aosta. To identify the opportunities offered by GSHPs in the Valle d’Aosta region, more than 40,000 residential buildings were analyzed using a GIS-based method. The return on the investment was then assessed based on the occurrence of two conditions—the Italian subsidies of the “Conto Termico” and the installation of rooftop photovoltaic (PV) systems—which contribute to the reduction of the initial and operation costs, respectively. The life-cycle costs of the four resulting combinations were compared with conventional systems composed of an oil/gas boiler and an air-source chiller. One of the main findings of this study is that subsidies exert a key role in the financial feasibility of GSHPs, especially for replacing gas boilers, whereas the presence of a PV system has a minor influence on the financial analysis carried out.Antonio NovelliValentina D’AlonzoSimon PezzuttoRubén Aarón Estrada PoggioAlessandro CasassoPietro ZambelliMDPI AGarticleGeographic Information System (GIS)Ground Source Heat Pumps (GSHPs)closed-loopfinancial analysisLevelized Cost of Energy (LCOE)Discounted Payback Period (DPP)Environmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12516, p 12516 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Geographic Information System (GIS) Ground Source Heat Pumps (GSHPs) closed-loop financial analysis Levelized Cost of Energy (LCOE) Discounted Payback Period (DPP) Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	Geographic Information System (GIS) Ground Source Heat Pumps (GSHPs) closed-loop financial analysis Levelized Cost of Energy (LCOE) Discounted Payback Period (DPP) Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Antonio Novelli Valentina D’Alonzo Simon Pezzutto Rubén Aarón Estrada Poggio Alessandro Casasso Pietro Zambelli A Spatially-Explicit Economic and Financial Assessment of Closed-Loop Ground-Source Geothermal Heat Pumps: A Case Study for the Residential Buildings of Valle d’Aosta Region
description	Ground Source Heat Pumps (GSHPs) take advantage of the high thermal inertia of the ground to achieve a higher energy efficiency compared to Air Source Heat Pumps. GSHPs, therefore, have the potential to reduce heating, cooling, and domestic hot water costs, however the high installation cost of borehole heat exchangers (BHEs) limits the growth of such installations. Nevertheless, GSHPs can be profitable under certain conditions (climate, expensive fuels, subsidies, etc.), which can be identified using geo-referenced data and Geographical Information Systems (GIS). The proposed work investigates the economic and financial ability of GSHPs to cover the heat demand of the residential building stock of the Italian region Valle d’Aosta. To identify the opportunities offered by GSHPs in the Valle d’Aosta region, more than 40,000 residential buildings were analyzed using a GIS-based method. The return on the investment was then assessed based on the occurrence of two conditions—the Italian subsidies of the “Conto Termico” and the installation of rooftop photovoltaic (PV) systems—which contribute to the reduction of the initial and operation costs, respectively. The life-cycle costs of the four resulting combinations were compared with conventional systems composed of an oil/gas boiler and an air-source chiller. One of the main findings of this study is that subsidies exert a key role in the financial feasibility of GSHPs, especially for replacing gas boilers, whereas the presence of a PV system has a minor influence on the financial analysis carried out.
format	article
author	Antonio Novelli Valentina D’Alonzo Simon Pezzutto Rubén Aarón Estrada Poggio Alessandro Casasso Pietro Zambelli
author_facet	Antonio Novelli Valentina D’Alonzo Simon Pezzutto Rubén Aarón Estrada Poggio Alessandro Casasso Pietro Zambelli
author_sort	Antonio Novelli
title	A Spatially-Explicit Economic and Financial Assessment of Closed-Loop Ground-Source Geothermal Heat Pumps: A Case Study for the Residential Buildings of Valle d’Aosta Region
title_short	A Spatially-Explicit Economic and Financial Assessment of Closed-Loop Ground-Source Geothermal Heat Pumps: A Case Study for the Residential Buildings of Valle d’Aosta Region
title_full	A Spatially-Explicit Economic and Financial Assessment of Closed-Loop Ground-Source Geothermal Heat Pumps: A Case Study for the Residential Buildings of Valle d’Aosta Region
title_fullStr	A Spatially-Explicit Economic and Financial Assessment of Closed-Loop Ground-Source Geothermal Heat Pumps: A Case Study for the Residential Buildings of Valle d’Aosta Region
title_full_unstemmed	A Spatially-Explicit Economic and Financial Assessment of Closed-Loop Ground-Source Geothermal Heat Pumps: A Case Study for the Residential Buildings of Valle d’Aosta Region
title_sort	spatially-explicit economic and financial assessment of closed-loop ground-source geothermal heat pumps: a case study for the residential buildings of valle d’aosta region
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/203f192ca59c467d89c6413c0c13dc37
work_keys_str_mv	AT antonionovelli aspatiallyexpliciteconomicandfinancialassessmentofclosedloopgroundsourcegeothermalheatpumpsacasestudyfortheresidentialbuildingsofvalledaostaregion AT valentinadalonzo aspatiallyexpliciteconomicandfinancialassessmentofclosedloopgroundsourcegeothermalheatpumpsacasestudyfortheresidentialbuildingsofvalledaostaregion AT simonpezzutto aspatiallyexpliciteconomicandfinancialassessmentofclosedloopgroundsourcegeothermalheatpumpsacasestudyfortheresidentialbuildingsofvalledaostaregion AT rubenaaronestradapoggio aspatiallyexpliciteconomicandfinancialassessmentofclosedloopgroundsourcegeothermalheatpumpsacasestudyfortheresidentialbuildingsofvalledaostaregion AT alessandrocasasso aspatiallyexpliciteconomicandfinancialassessmentofclosedloopgroundsourcegeothermalheatpumpsacasestudyfortheresidentialbuildingsofvalledaostaregion AT pietrozambelli aspatiallyexpliciteconomicandfinancialassessmentofclosedloopgroundsourcegeothermalheatpumpsacasestudyfortheresidentialbuildingsofvalledaostaregion AT antonionovelli spatiallyexpliciteconomicandfinancialassessmentofclosedloopgroundsourcegeothermalheatpumpsacasestudyfortheresidentialbuildingsofvalledaostaregion AT valentinadalonzo spatiallyexpliciteconomicandfinancialassessmentofclosedloopgroundsourcegeothermalheatpumpsacasestudyfortheresidentialbuildingsofvalledaostaregion AT simonpezzutto spatiallyexpliciteconomicandfinancialassessmentofclosedloopgroundsourcegeothermalheatpumpsacasestudyfortheresidentialbuildingsofvalledaostaregion AT rubenaaronestradapoggio spatiallyexpliciteconomicandfinancialassessmentofclosedloopgroundsourcegeothermalheatpumpsacasestudyfortheresidentialbuildingsofvalledaostaregion AT alessandrocasasso spatiallyexpliciteconomicandfinancialassessmentofclosedloopgroundsourcegeothermalheatpumpsacasestudyfortheresidentialbuildingsofvalledaostaregion AT pietrozambelli spatiallyexpliciteconomicandfinancialassessmentofclosedloopgroundsourcegeothermalheatpumpsacasestudyfortheresidentialbuildingsofvalledaostaregion
_version_	1718410389727739904

A Spatially-Explicit Economic and Financial Assessment of Closed-Loop Ground-Source Geothermal Heat Pumps: A Case Study for the Residential Buildings of Valle d’Aosta Region

Ejemplares similares