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Sustainability 2014, 6(4), 1667-1685; doi:10.3390/su6041667
Article

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

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Received: 1 March 2014; in revised form: 13 March 2014 / Accepted: 18 March 2014 / Published: 27 March 2014
(This article belongs to the Special Issue Green Building)
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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 economic analysis; geothermal energy; lifecycle cost; public building
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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MDPI and ACS Style

Kim, S.; Jang, Y.J.; Shin, Y.; Kim, G.-H. Economic Feasibility Analysis of the Application of Geothermal Energy Facilities to Public Building Structures. Sustainability 2014, 6, 1667-1685.

AMA Style

Kim S, Jang YJ, Shin Y, Kim G-H. Economic Feasibility Analysis of the Application of Geothermal Energy Facilities to Public Building Structures. Sustainability. 2014; 6(4):1667-1685.

Chicago/Turabian Style

Kim, Sangyong; Jang, Young J.; Shin, Yoonseok; Kim, Gwang-Hee. 2014. "Economic Feasibility Analysis of the Application of Geothermal Energy Facilities to Public Building Structures." Sustainability 6, no. 4: 1667-1685.


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