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Solar nova scotia case study: Solar Thermal Halifax

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Presentation on theme: "Solar nova scotia case study: Solar Thermal Halifax"— Presentation transcript:

1 Solar nova scotia case study: Solar Thermal Halifax

2 Project Scope Solar hot water combination system
Domestic hot water Space heating Installed 8 solar collectors on roof Good roof pitch (34.5 deg or 8.25/12 slope) Orientation close to south (152 deg true south) Used locally manufactured equipment Thermo Dynamics flat plate collectors

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4 Project is Part of a Holistic Approach
Energy Efficiency Greenest thing to do Best return on investment Reduce Energy Consumption Turn down the thermostat Put a sweater on Renewable Energy Sources Solar hot water system

5 Project Costs (Installed April 2009)
Initial Capital Cost $ 22,000 Rebates $ 4,900 ( 22% ) ============================= Net Capital Cost $ 17,100 ( 78% )

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7 Fuel Savings Pre Solar 2305 With Solar 931
=============================== Fuel oil savings ( 60% Reduction! ) Based on historical average yearly home heating fuel oil consumption in litres

8 Fuel Savings

9 Financial Average yearly costs savings are $ 1044
Simple payback in 18 – 19 years Return on Investment is 3.5%

10 Financial ROI – Solar vs Bank
Bank – 4.05% (Higher Risk Bracket RRSP)

11 Financial Model Net Savings = $12,0000! Simple Pay Back
Design Life 25 Yrs Simple Pay Back

12 System Components Solar collectors mounted on the roof Storage tanks
Galvanized steel rack system Storage tanks Provides thermal mass needed Thermal siphon Glycol circulating pump The only moving part! Back up system (for days with no sun) Original boiler and new electric domestic hot water heater

13 System Components

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15 Project Conclusions Financials Fuel savings Environmental
Average yearly costs savings are $ 1044 Simple payback in 18 – 19 years Over 25 years the Return on Investment is 3.5% Fuel savings Whopping 60% reduction in yearly fuel consumption Average 1374 liters of fuel oil saved per year Environmental Greenhouse gas reduction (100 Tonnes of CO2)


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