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.SED Associates Corp <br />Consulting Engineers <br />Table 1: <br />Estimated System <br />Costs <br />System Type <br />Energy <br />Operational <br />Approximate <br />Pros <br />Cons <br />Required <br />Costs <br />Construction <br />High installation cost, electrical service upgrade <br />1 <br />Standard Electric <br />25.66 kW <br />$ 4,916 <br />Cost <br />$49,000 <br />Low operational cost, will fit into existing space <br />without modification to building, does not require <br />exteriors ace <br />2 <br />Heat Pump Water <br />47.5 kW <br />$ 3,500 <br />$ 85,000 <br />Low operational cost extremely energy efficient <br />High installation cost, insufficient installation space and <br />Heater <br />and environmentally friendly <br />electrical service upgrade. <br />3 <br />Solar Assisted Heat <br />16 kw <br />$ 3,486 <br />$ 24,050 <br />Low operational cost, extremely energy efficient <br />Product application use in the US. Lowest install cost. <br />Pump <br />and environmentally friend) <br />4 <br />Instantaneous Electric <br />32 kW <br />$ 4,500 <br />$ 175,000 <br />Electrical use is based solely on water use, can fit <br />High installation costs, requires modification to the <br />Water Heater <br />into existing interior space <br />electrical service existing distribution piping to suit <br />heater sizing <br />5 <br />CO2 Heater Pump <br />16.1 kW <br />$ 3,296 <br />$ 146,000 <br />Low operational cost of all options, extremely <br />High installation costs, insufficient space to install the <br />Water Heater <br />energy efficient and environmentally friendly <br />necessary equipment on the interior of the building, <br />exterior installation would be required. Installation cost <br />do not include building upgrades/additions. <br />6 <br />Geo -thermal Heat <br />System not sized due to the amount of effort that would be required to determine the proper size and ensuing operational and installation costs. <br />Pump Water Heater <br />7 <br />Solar Water Heater <br />12 kW <br />$3,469 <br />$ 36,000 <br />Low operational cost, extremely energy efficient <br />Installation costs do not include roof upgrades if <br />and environmentally friendly <br />necessary. <br />8 <br />Direct Replacement <br />2,696 gals <br />$ 8,628 <br />$ 30,000 <br />High operational cost, requires the least amount of <br />Utilizes fossil fuel as energy source <br />Oil -fired Water Heater <br />installation, electric service does not require <br />upgrade <br />1►6Im, <br />All option with exception of the direct replacement option requires an electrical service upgrade <br />Installation costs is based upon pricing provided by the vendors. These costs are subject to change due to the supply chain issues. <br />P:\2022\2022009\Documents\2022009 Design Memorandum #2.docx <br />