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SED Associates Corp <br />Consulting Engineers <br />the demand charges are less to further reduce the operational cost. Again, this would be based on hot <br />water use of the facility. Although this system has the lowest operational cost it does have the highest <br />installation cost. <br />With a COP of 3.80, the estimated operational cost based on the provided electrical cost of $0.23/kWH <br />is $3,269.75 <br />Approximate Construction Cost: $146,000 (does not include possible utility company transformer <br />and engineering costs or building modification/addition.) <br />Option 6 — Geothermal Heat Pump Water Heater <br />This option would utilize ground water as the medium to heat the necessary domestic water. This <br />system would include a water source heat pump, heat exchanger, storage tanks and pump. A well <br />survey would need to be performed in order to determine where the required ground water wells could <br />be installed. <br />Before this system could be sized and proposed as a viable option, a geothermal heat pump installer <br />would need to examine the site to determine whether it's best suited for a horizontal or vertical ground <br />loop. While both system designs provide energy efficiency and savings benefits, installing a vertical <br />loop system typically requires more time and money, as a drilling rig would be required and potentially <br />bore through solid rock. <br />The soil type also impacts the cost and time requirements for a geothermal heat pump installation. For <br />instance, if the soil is soft and easy to dig out, your installation will take less time and money than an <br />installation in denser clay -based soils or rock formations. Additionally, consideration of the above- <br />ground features that impact available space would need and may need to physically alter your <br />property's landscape during the installation process (especially for horizontal loop installations). <br />For the reasons stated above, this option was not considered as a more in-depth review of the site <br />including a geo-technical survey would be required to determine its viability. <br />Option 7 — Solar Hot Water Heater <br />This option would use roof mounted fourteen (14) solar panel, two (2) internal storage tanks and an <br />electric back-up tank. Solar systems and analysis require a specific product understanding and its <br />application for this analysis SED engaged a specialized firm for this application see attached selection. <br />Estimated annual saving compared to electric resistance is 6,712KWH/annual x $0.23= $1,544 <br />Approximate Construction Cost: $29,700(does not include roofing, structural engineering <br />and rebates) <br />6,300 electrical work <br />$36,000 total <br />Before this system could be finalized a structural analysis of the roof needs to be done to establish any <br />impact and upgrading the roof if required. <br />