Globe Solar Energy Inc.

Be Environmental While $aving
 
     
     
 
Economic Analysis for GSE SP-25
 
     
 
1. Project Cost
 
 
Item
Description
Q’ty
Cost
Remarks
1
GSE SP-25 SWH
1
$1,400
 
2
Heat Exchange Tank  
$950
 
3
Pump  
$150
 
4
Controller  
$275
 
5
Drain Back Tank (or Glycol)  
$300
Drain back system or system with glycol.
6
Installation Materials
$400
 
7
Installation Labors  
$1,200
 
8
Ontario Rebate  
-$1,250
 
9
Federal Rebate  
-$1,250
 
10
Energy Audit1
 
$300
 
11
Energy Audit1 Rebate  
-$150
50%, up to $150 rebated by Ontario Government.
12
Energy Audit2  
$150
 
13
Total  
$3,975
 
 
     
  2. Economic Analysis  
 
Item Description Results Remarks
1
Project Cost
$2,475
 
2
Annual Savings
up to $220
One unit saves up to 400 m³ gas per year on optimized performance conditions, based on current gas price of $0.55/m³.
3
Investment pay-back cycle
around 11 years
4
Equipment life cycle analysis: Total static benefit throughout 20 year equipment design life cycle
$4,400
Gas price goes up every year. Your total benefit would be more than $4,400 in 20 year equipment life cycle.
5
Environment contribution
Yearly 0.7 tons of green-house gases reduced each unit.
14 tons of GHG reduced in 20 year equipment life cycle.