Cost Benefits of Net Zero Energy Homes in Australia

Abstract

This paper presents a systematic analysis of energy savings and cost benefits associated with several options for integrating energy efficiency and renewable energy technologies. The primary goal of this study is to assess the cost-effectiveness of achieving optimal net-zero energy (NZE) designs for residential buildings in Australia. Specifically, the analysis combines a series of sensitivity analyses and multi-objective optimizations to account for a wide range of design strategies for detached homes in four cities representing different Australian climates. The results indicate that not only are NZE designs technically feasible for all the considered Australian cities, but they are also highly cost-effective. This cost-effectiveness is attributed to the lower installation costs of rooftop PV systems as well as the beneficial interactive effects of proven energy efficiency strategies. Indeed, it is found that the deployment costs of rooftop PV systems can be recovered in less than 4 years. Moreover, the addition of thermal insulation in walls and ceilings can reduce both HVAC capacities and annual energy end-use by up to 59%. Based on an optimization-based design, NZE homes in Australia can have lower construction costs and, ultimately, lower life cycle costs than dwellings built to meet current energy efficiency standards based primarily on stringent building envelope thermal performance.