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Economic Analysis for GSE SP-25 |
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1. Project Cost
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Item |
Description |
Q’ty |
Cost |
Remarks |
1 |
GSE SP-25 SWH |
1 |
$1,400 |
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2 |
Heat Exchange Tank |
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$950 |
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3 |
Pump |
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$150 |
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4 |
Controller |
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$275 |
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5 |
Drain Back Tank (or Glycol) |
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$300 |
Drain back system or system with glycol. |
6 |
Installation Materials |
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$400 |
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7 |
Installation Labors |
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$1,200 |
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8 |
Ontario Rebate |
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-$1,250 |
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9 |
Federal Rebate |
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-$1,250 |
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10 |
Energy Audit1
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$300 |
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11 |
Energy Audit1 Rebate |
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-$150 |
50%, up to $150 rebated by Ontario Government. |
12 |
Energy Audit2 |
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$150 |
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13 |
Total |
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$3,975 |
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2. Economic Analysis |
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| Item |
Description |
Results |
Remarks |
1 |
Project Cost |
$2,475 |
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2 |
Annual Savings |
up to $220 |
One unit saves up to 400 m³ gas per year on optimized performance conditions, based on current gas price of $0.55/m³. |
3 |
Investment pay-back cycle |
around 11 years |
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4 |
Equipment life cycle analysis: Total static benefit throughout 20 year equipment design life cycle |
$4,400 |
Gas price goes up every year. Your total benefit would be more than $4,400 in 20 year equipment life cycle. |
5 |
Environment contribution |
Yearly 0.7 tons of green-house gases reduced each unit. |
14 tons of GHG reduced in 20 year equipment life cycle. |
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