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Economic Efficiency Of Applying A Heat Pump System In Heating Based On The Example Of The Ruda-Huta Commune Experience

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  • GRADZIUK, PIOTR
  • GRADZIUK, BARBARA

Abstract

The purpose of the conducted research was to assess the economic efficiency of the application of heat pumps in heating. The research was carried out in the Ruda-Huta Commune (Chełm County, Lublin Province). The research was conducted at the School Complex, where, in 2012, the heating system was changed from a system powered by fuel oil to a system of ground heat pumps. Due to the very low level of interest rates during the analysed years, the method of simple payback time, SPBT, was used to assess the economic effectiveness of this investment. The research shows that the application of a ground-source heat pump for heating the building of the School Complex in Ruda-Huta was economically efficient in comparison with the oil fuel system. The SPBT simple payback time was 2.14 years. Obtaining such a quick return on capital expenditure was a result of both significantly lower operating costs and obtained subsidy in the amount of approximately 50% of the total financial resources spent on the implementation of this project. Based on the obtained results, it can be concluded that the replacement of the oil heating system with heat pumps would be economically viable even without subsidies, but then the SPBT would extend to 5.48 years.

Suggested Citation

  • Gradziuk, Piotr & Gradziuk, Barbara, 2019. "Economic Efficiency Of Applying A Heat Pump System In Heating Based On The Example Of The Ruda-Huta Commune Experience," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2019(2).
    • Handle: RePEc:ags:paaero:293833
    DOI: 10.22004/ag.econ.293833
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    Cited by:

    1. Aleksandra Szulc-Wrońska & Barbara Tomaszewska, 2020. "Low Enthalpy Geothermal Resources for Local Sustainable Development: A Case Study in Poland," Energies, MDPI, vol. 13(19), pages 1-20, September.
    2. Piotr Michalak & Krzysztof Szczotka & Jakub Szymiczek, 2021. "Energy Effectiveness or Economic Profitability? A Case Study of Thermal Modernization of a School Building," Energies, MDPI, vol. 14(7), pages 1-21, April.
    3. Piotr Gradziuk & Aleksandra Siudek & Anna M. Klepacka & Wojciech J. Florkowski & Anna Trocewicz & Iryna Skorokhod, 2022. "Heat Pump Installation in Public Buildings: Savings and Environmental Benefits in Underserved Rural Areas," Energies, MDPI, vol. 15(21), pages 1-16, October.
    4. Bogdan Klepacki & Barbara Kusto & Piotr Bórawski & Aneta Bełdycka-Bórawska & Konrad Michalski & Aleksandra Perkowska & Tomasz Rokicki, 2021. "Investments in Renewable Energy Sources in Basic Units of Local Government in Rural Areas," Energies, MDPI, vol. 14(11), pages 1-17, May.

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