Economic Feasibility Analysis of the Application of Geothermal Energy Facilities to Public Building Structures

Sangyong Kim, Young Jun Jang, Yoonseok Shin and Gwang-Hee Kim
Additional contact information
Sangyong Kim: School of Construction Management and Engineering, University of Reading, Whiteknights, P.O. Box 219, Reading RG6 6AW, UK
Young Jun Jang: Department of Plant/Architectural Engineering, Kyonggi University, Suwon-si, Gyeonggi-do 443-760, Korea
Yoonseok Shin: Department of Plant/Architectural Engineering, Kyonggi University, Suwon-si, Gyeonggi-do 443-760, Korea
Gwang-Hee Kim: Department of Plant/Architectural Engineering, Kyonggi University, Suwon-si, Gyeonggi-do 443-760, Korea

Sustainability, 2014, vol. 6, issue 4, 1-19

Abstract: This study aims to present an efficient plan for the application of a geothermal energy facility at the building structure planning phase. Energy consumption, energy cost and the primary energy consumption of buildings were calculated to enable a comparison of buildings prior to the application of a geothermal energy facility. The capacity for energy savings and the costs related to the installation of such a facility were estimated. To obtain more reliable criteria for economic feasibility, the lifecycle cost (LCC) analysis incorporated maintenance costs (reflecting repair and replacement cycles based on construction work specifications of a new renewable energy facility) and initial construction costs (calculated based on design drawings for its practical installation). It is expected that the findings of this study will help in the selection of an economically viable geothermal energy facility at the building construction planning phase.

Keywords: economic analysis; geothermal energy; lifecycle cost; public building (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2014
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.mdpi.com/2071-1050/6/4/1667/pdf (application/pdf)
https://www.mdpi.com/2071-1050/6/4/1667/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:6:y:2014:i:4:p:1667-1685:d:34516

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().