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| 1 |
ID:
088037
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| Publication |
2009.
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| Summary/Abstract |
Energy-saving renovations of existing residential buildings have proven to be very helpful in alleviating the pressure of energy shortages and CO2 emission, but an economic analysis of the measures by using a life cycle cost (LCC) method is very important and necessary to determine whether to implement them or not. Based on thermal simulation and site investigation, the paper uses one urban existing residential building in Hangzhou city of China as the subject building, and analyzes the economic benefits from the energy-saving renovation measures through the LCC method.
The findings clearly show that the investigation of the factual electricity consumption of the subject building is very important to predict accurately the energy-saving effects and financial benefits of the measures for the building, because of the great discrepancy between in fact and in thermal simulation of the heating and cool loads, and the too cheap electricity price may hamper the development of energy-saving implementations in residential sector in China.
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| 2 |
ID:
109340
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| Publication |
2011.
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| Summary/Abstract |
This article employed a standard LCC to conduct economic analysis of upgrading the aging residential buildings in China. According to the current situation, an interest rate of 6%, an inflation rate of 3%, an increase rate of annual energy savings of 2% and an increase rate of electricity price of 2% were assumed in the method. The results indicated that only relying on gradually increasing electricity price and governments' subsidies was not enough. After detailed analysis of the energy saving measures and the distribution of all benefits from building energy retrofit, it was found that actually only 1/3 of original cost was spent only for energy savings, the second 1/3 for both energy savings and good façade appearance and occupants should share the last 1/3 because even if without energy retrofit, they would have to pay the part too. The corresponding results proved that the first 1/3 of investment cost could be drawn back within the residue life cycle, and so the investment could be accepted in a sheer market economy. In the end, a model about distribution of investment cost of and benefits was proposed to adapt the market economy to overcome the financial problems in China.
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