IDEAS home Printed from https://ideas.repec.org/a/ags/paaero/293833.html
   My bibliography  Save this article

Economic Efficiency Of Applying A Heat Pump System In Heating Based On The Example Of The Ruda-Huta Commune Experience

Author

Listed:
  • GRADZIUK, PIOTR
  • GRADZIUK, BARBARA

Abstract

The purpose of the conducted research was to assess the economic efficiency of the application of heat pumps in heating. The research was carried out in the Ruda-Huta Commune (Chełm County, Lublin Province). The research was conducted at the School Complex, where, in 2012, the heating system was changed from a system powered by fuel oil to a system of ground heat pumps. Due to the very low level of interest rates during the analysed years, the method of simple payback time, SPBT, was used to assess the economic effectiveness of this investment. The research shows that the application of a ground-source heat pump for heating the building of the School Complex in Ruda-Huta was economically efficient in comparison with the oil fuel system. The SPBT simple payback time was 2.14 years. Obtaining such a quick return on capital expenditure was a result of both significantly lower operating costs and obtained subsidy in the amount of approximately 50% of the total financial resources spent on the implementation of this project. Based on the obtained results, it can be concluded that the replacement of the oil heating system with heat pumps would be economically viable even without subsidies, but then the SPBT would extend to 5.48 years.

Suggested Citation

  • Gradziuk, Piotr & Gradziuk, Barbara, 2019. "Economic Efficiency Of Applying A Heat Pump System In Heating Based On The Example Of The Ruda-Huta Commune Experience," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2019(2).
    • Handle: RePEc:ags:paaero:293833
    DOI: 10.22004/ag.econ.293833
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/293833/files/861375.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.293833?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Aleksandra Szulc-Wrońska & Barbara Tomaszewska, 2020. "Low Enthalpy Geothermal Resources for Local Sustainable Development: A Case Study in Poland," Energies, MDPI, vol. 13(19), pages 1-20, September.
    2. Leandra Vanbaelinghem & Andrea Costantino & Florian Grassauer & Nathan Pelletier, 2024. "Alternative Heating, Ventilation, and Air Conditioning (HVAC) System Considerations for Reducing Energy Use and Emissions in Egg Industries in Temperate and Continental Climates: A Systematic Review o," Sustainability, MDPI, vol. 16(12), pages 1-35, June.
    3. Piotr Gradziuk & Aleksandra Siudek & Anna M. Klepacka & Wojciech J. Florkowski & Anna Trocewicz & Iryna Skorokhod, 2022. "Heat Pump Installation in Public Buildings: Savings and Environmental Benefits in Underserved Rural Areas," Energies, MDPI, vol. 15(21), pages 1-16, October.
    4. Bogdan Klepacki & Barbara Kusto & Piotr Bórawski & Aneta Bełdycka-Bórawska & Konrad Michalski & Aleksandra Perkowska & Tomasz Rokicki, 2021. "Investments in Renewable Energy Sources in Basic Units of Local Government in Rural Areas," Energies, MDPI, vol. 14(11), pages 1-17, May.
    5. Piotr Michalak & Krzysztof Szczotka & Jakub Szymiczek, 2021. "Energy Effectiveness or Economic Profitability? A Case Study of Thermal Modernization of a School Building," Energies, MDPI, vol. 14(7), pages 1-21, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:paaero:293833. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/seriaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.