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Financial analysis of an installed small scale seasonal thermal energy store

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  • Colclough, Shane
  • Griffiths, Philip

Abstract

The financial viability of an installed solar heating system incorporating a Seasonal Thermal Energy Store (STES) for a house constructed to the low-energy Passivhaus standard is analysed. Details are provided of system costs and the recorded performance for the installation which is located in Galway, Ireland, a location which experiences a Temperate Maritime Climate. Using these figures, a financial Life Cycle Analysis has been undertaken to determine the cost effectiveness of the system in providing space heating and domestic hot water.

Suggested Citation

  • Colclough, Shane & Griffiths, Philip, 2016. "Financial analysis of an installed small scale seasonal thermal energy store," Renewable Energy, Elsevier, vol. 86(C), pages 422-428.
    • Handle: RePEc:eee:renene:v:86:y:2016:i:c:p:422-428
    DOI: 10.1016/j.renene.2015.08.032
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    References listed on IDEAS

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    1. Badescu, Viorel & Laaser, Nadine & Crutescu, Ruxandra & Crutescu, Marin & Dobrovicescu, Alexandru & Tsatsaronis, George, 2011. "Modeling, validation and time-dependent simulation of the first large passive building in Romania," Renewable Energy, Elsevier, vol. 36(1), pages 142-157.
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    3. Colclough, Shane & McGrath, Teresa, 2015. "Net energy analysis of a solar combi system with Seasonal Thermal Energy Store," Applied Energy, Elsevier, vol. 147(C), pages 611-616.
    4. Persson, Johannes & Westermark, Mats, 2013. "Low-energy buildings and seasonal thermal energy storages from a behavioral economics perspective," Applied Energy, Elsevier, vol. 112(C), pages 975-980.
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    6. Yohanis, Y.G & Norton, B, 2000. "A comparison of the analysis of the useful net solar gain for space heating, zone-by-zone and for a whole-building," Renewable Energy, Elsevier, vol. 19(3), pages 435-442.
    7. Schnieders, Jurgen & Hermelink, Andreas, 2006. "CEPHEUS results: measurements and occupants' satisfaction provide evidence for Passive Houses being an option for sustainable building," Energy Policy, Elsevier, vol. 34(2), pages 151-171, January.
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