This section illustrates the costs of upgrading the heating and hot water systems in 24 private houses. The scheme features either an individual Kensa Shoebox Heat Pump or Evo Heat Pump in each house, connected to a Shared Ground Loop Array of boreholes
We have provided a ground source heat pump design with schematic drawings and ground source heat pump installation costs for both self-financed and funded split ownership shared ground loop array options versus electric night storage heater alternatives.
Example: Finances
Kensa has calculated example costs below to illustrate the upfront finance required for self-financed and funded split ownership Shared Ground Loop Arrays in large private housing estates featuring the Kensa heat pumps.
Also included are expected running costs and income generated via the Non-Domestic Renewable Heat Incentive (RHI) over a 20 year period (the duration of the Non Domestic RHI), compared to night storage electric heating. For a bespoke quote please click here.
Heat Pump System
System architecture
Shared Ground Loop Arrays
Total heat pump capacity
139.03kW
Equipment type
12 x 6kW Shoebox & 12 x 7kW Evo
Design conditions
0/50°C
Potable DHW temp
60°C
Integral immersion heaters
No (DNO friendly)
Ground array type
Boreholes
Total depth of boreholes
2,657 metres
*Boreholes based on average ground conductivity. Average 18 sq/m per property – each borehole serves a minimum of 2 properties.
Total Project Costs, Savings & Returns vs Electric NSH
Running Cost Savings vs. Electric (over 20 years) ***
£358,470
£358,470
-
Servicing Costs Per Property (over 20 years)****
£2,000
£2,000
£2,000
ECO Funding Contribution
£49,986
£49,986
Not eligible
RHI Income (over 20 years)*****
£585,305.50
-
Not eligible
Net cost (after 20 years)******
£203,022 profit
£153,204 cost
£117,097 cost
*Carbon saving based on carbon emissions of 0.519kgCO2/kWh for electric. Assumes 100% efficiency for electric and 300% efficiency for ground source heat pumps.**NOx emission based on 44mg per kWh based on a worcester greenstar combi. ***Based on electric at 15p/kW/hr and COP of 3. ****Ground source heat pumps have no requirement for annual maintenance. However, it is good practice for the heating distribution system to be proactively checked and maintained to ensure optimum performance G3 Cylinder check will be requried. *****The non-domestic rhi is a 20 year index linked funding stream which assumes inflation at 3%. ******Net cost does not include servicing and running costs. ^ Retrofit costs include internal fit out i.e. new radiator systems. Tenant network connection fee applies.
Example: Capex
Cumulative Deficit / Surplus Over 20 Year RHI Period
Visit our sister site www.kensaheatpumps.com for smaller scale costed examples and advice from the UK’s number one ground source heat pump supplier and manufacturer.
Download Kensa’s two-page guide to funded Shared Ground Loop Arrays in new build developments, including funded project examples and details of the funding mechanism.
