Question
You are given the following data for ten buildings in a Midwestern U.S. city, with building size in square feet and annual energy consumption for
You are given the following data for ten buildings in a Midwestern U.S. city, with building size in square feet and annual energy consumption for heating in million BTUs. The data are to be used to estimate energy requirements and heating costs for a proposed new building.
building
building | sq ft | mill Btu |
1 | 46300 | 3805 |
2 | 30010 | 3355 |
3 | 26030 | 2976 |
4 | 16060 | 2556 |
5 | 21660 | 2463 |
6 | 38950 | 2920 |
7 | 22710 | 2408 |
8 | 15360 | 2393 |
9 | 25750 | 2306 |
10 | 29170 | 2267 |
sq ft mill Btu
a. Use the data given to estimate the energy consumption for the new building, assuming it has 32,000 sq ft of area. b. If the expected heat energy costs for the first year of operation are on average $13 per million Btu, how much would you expect to spend per year for heating? c. An energy efficiency contractor comes to you and proposes a solution that will give your building EPA Energy Star status, thereby reducing your energy consumption by 30%. The upgrade costs $125,000 on top of what you would spend for a basic heating system. The building owner will purchase the upgrade, providing it pays for itself within 5 years, simple payback. Assuming that the annual energy consumption for both baseline and Energy Star cases remains fixed from year to year and the cost of energy increases by 2% per year for the foreseeable future, is the upgrade financially viable?
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