2014
DOI: 10.1002/er.3243
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Correlations for cost of ground-source heat pumps and for the effect of temperature on their performance

Abstract: SUMMARYGround source heat pump systems are becoming more and more popular, even though their high initial cost is an obstacle to their wider penetration of the heating and cooling market. The purchase of the heat pump itself is one of the dominant costs, and the heat pump selection also influences the operation costs through its coefficient of performance (COP) value. However, few studies are available on this topic. Based on 23 water-water heat pump models available on the market, a correlation was developed … Show more

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Cited by 21 publications
(6 citation statements)
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“…The investment can be estimated through literature for the RC [13], the HP [14] and the thermal energy storage [15]. Therefore, it is possible now to simulate a wide range of glide to optimize a chosen economic indicator (Pay-Back Period, Return On Investments…).…”
Section: Pre-sizing: Sizing Based On the Nominal Conditions (Temperat...mentioning
confidence: 99%
“…The investment can be estimated through literature for the RC [13], the HP [14] and the thermal energy storage [15]. Therefore, it is possible now to simulate a wide range of glide to optimize a chosen economic indicator (Pay-Back Period, Return On Investments…).…”
Section: Pre-sizing: Sizing Based On the Nominal Conditions (Temperat...mentioning
confidence: 99%
“…(63) [25]. In this study, COP max is assumed to be 4.5 for cooling and 5.5 for heating purpose [26] (Table 3).…”
Section: Heat Pumpmentioning
confidence: 99%
“…would need to be included. The unit price of heat pump is estimated based on the correlation introduced in [29], in such a way that: [32]. Note that the first summation is over all the time steps, and the second summation is over the different months since peak demands are charged on a monthly basis.…”
Section: Objective Functions and Optimization Problemmentioning
confidence: 99%