The Economic Feasibility of Passive Houses in Korea

Jisoo Shim, Doosam Song and Joowook Kim
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Jisoo Shim: Department of Civil and Environmental System Engineering, Sungkyunkwan University, 2066, Seobu-ro, Jangan-gu, Suwon 16419, Korea
Doosam Song: Department of Architectural Engineering, Sungkyunkwan University, 2066, Seobu-ro, Jangan-gu, Suwon 16419, Korea
Joowook Kim: Center for Built Environment, Sungkyunkwan University, 2066, Seobu-ro, Jangan-gu, Suwon 16419, Korea

Sustainability, 2018, vol. 10, issue 10, 1-16

Abstract: The number of passive houses and zero-energy buildings being developed is increasing, as measures to reduce the rapidly increasing building energy consumption. While government building policies focus on energy savings, investors and the building market emphasize the initial investment cost. These conflicting perspectives obstruct the development of passive houses in the building market. In this study, a series of building energy analyses, including the effect of energy saving measures and economic information considering long-term economic benefit and incentives policy, will be presented. Analyses were performed on the energy-saving measures needed to improve the performance of single-family houses in Korea to that of the passive house standard, as well as the energy saving effect and increased cost. The application of energy saving measures for passive house implementation resulted in an additional cost of 1.85–4.20% compared to the conventional reference house. In addition, the proposed passive house alternative shows a short payback period and life cycle cost (LCC) result, compared to a conventional building’s life cycle period. The possibility of passive house implementation is high, and developing the passive house is affordable for the investor or end user in Korea.

Keywords: passive house; energy-saving measures; energy performance analysis; economic analysis (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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