LIFE CYCLE COST OF PACKAGED SYSTEM HEAT PUMPS - SAMPLE CALCULATION (AVG VALUES), January 2001Dollar Values in 1998 $Elec Price(cent/kWh)Annual Cash Flow Cumulative Cash Flow Discounted Cash Flow Disc.LIST INPUTSAge Year Average MarginalBase Standard Diff. Base Standard Diff. Base Standard Diff.FactorELECTRICITY PRICE(cent/kWh)AverageMarginal1998 10.49 11.24ENERGY PRICE PROJECTION START YEAR Year of Purchase20069.75 10.45$3,599 $4,035$436$3,599 $4,035$436$3,599 $4,035$436Year Equip. Retires 2023 9.49 10.171 2006 9.75 10.45 $831 $730 -$100 $4,430 $4,765 $335 $4,397 $4,736 $339 0.962 2007 9.76 10.45 $831 $730 -$101 $5,260 $5,495 $234 $5,162 $5,409 $246 0.92BASE CASE DESIGN PRICE OPTION3 2008 9.72 10.41 $828 $728 -$100 $6,089 $6,223 $134 $5,895 $6,053 $158 0.88SEER 10CHANGESEER 134 2009 9.61 10.29 $819 $720 -$99 $6,908 $6,943 $35 $6,591 $6,665 $74 0.855 2010 9.64 10.33 $822 $723 -$99 $7,730 $7,666 -$64 $7,262 $7,254 -$7 0.82STANDARD CASE DESIGN Total Installed Price $3,599 $43612%$4,0356 2011 9.56 10.23 $815 $717 -$98 $8,545 $8,383 -$162 $7,900 $7,815 -$84 0.78Annual Repair & Maint. $76 $12%$777 2012 9.52 10.19 $812 $714 -$98 $9,358 $9,097 -$260 $8,510 $8,352 -$158 0.75Compressor Cost $283 $8229%$3648 2013 9.51 10.18 $811 $714 -$98 $10,169 $9,811 -$358 $9,096 $8,867 -$229 0.729 2014 9.54 10.22 $814 $716 -$98 $10,984 $10,527 -$457 $9,660 $9,363 -$297 0.69Annual kWh Use (Cool & Heat) 7742 -973-13%676810 2015 9.56 10.24 $816 $717 -$99 $11,800 $11,244 -$555 $10,203 $9,841 -$362 0.67LIFETIME (years) 18.4 Cooling 602 -139-23%46311 2016 9.54 10.22 $814 $716 -$98 $12,614 $11,960 -$654 $10,723 $10,298 -$425 0.64DISCOUNT RATE 4.2%% SHIPMENTHeating 7140 -835-12%6305 Payback12 2017 9.54 10.22 $814 $716 -$98 $13,428 $12,676 -$752 $11,222 $10,737 -$485 0.61Comm.10%Annual Operating Cost (years)13 2018 9.55 10.23 $815 $716 -$98 $14,242 $13,392 -$850 $11,701 $11,158 -$543 0.59HOUSEHOLD ELEC PRICE IN 1998 Resd.90%2006$831 -$100-12%$730 4.314 2019 9.51 10.19 $1,094 $1,078 -$16 $15,337 $14,470 -$866 $12,320 $11,767 -$553 0.57(cent/kWh)Average 10.4915 2020 9.49 10.17 $810 $713 -$98 $16,147 $15,183 -$964 $12,759 $12,154 -$606 0.54Marginal 11.24 Cumulative Cash Flow $18,909 -$1,298-7%$17,61216 2021 9.49 10.17 $810 $713 -$98 $16,957 $15,895 -$1,062 $13,181 $12,525 -$656 0.52Life-Cycle Cost ($) $14,128 -$771-5%$13,35717 2022 9.49 10.17 $810 $713 -$98 $17,768 $16,608 -$1,160 $13,586 $12,881 -$705 0.50RECS AVERAGE UEC(kWh)18 2023 9.49 10.17 $810 $713 -$98 $18,578 $17,321 -$1,258 $13,975 $13,223 -$752 0.48COOLING 73519 2024 9.49 10.17 $810 $713 -$98 $19,388 $18,033 -$1,355 $14,349 $13,551 -$797 0.46HEATING 773520 2025 9.49 10.17 $810 $713 -$98 $20,199 $18,746 -$1,453 $14,707 $13,867 -$841 0.44RECS AVERAGE SEER 8.221 2026 9.49 10.17 $810 $713 -$98 $21,009 $19,458 -$1,551 $15,051 $14,169 -$882 0.42RECS AVERAGE HSPF 6.322 2027 9.49 10.17 $810 $713 -$98 $21,819 $20,171 -$1,649 $15,382 $14,460 -$922 0.4123 2028 9.49 10.17 $810 $713 -$98 $22,629 $20,883 -$1,746 $15,699 $14,739 -$960 0.3924 2029 9.49 10.17 $810 $713 -$98 $23,440 $21,596 -$1,844 $16,003 $15,006 -$997 0.3825 2030 9.49 10.17 $810 $713 -$98 $24,250 $22,308 -$1,942 $16,296 $15,263 -$1,032 0.36AEO 2000 - Reference Case2006Baseline (SEER=10)20% Impr. (SEER=12)Fuel PriceComparionShow PlotShow InputsUpdatePriceMultiplierMark Up'sSplit SystemRev Engr