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This paper aims to determine cost optimality between heating, ventilation and air conditioning (HVAC) systems operating with air to water heat pumps (AWHP) and water to water heat pumps (WWHP). The analysis is performed for a certain number of heat pump units with fixed and variable capacity made by four manufacturers available on European market. Simulations are performed in Trnsys software. The results show that heat pump partial load efficiency should not be neglected in analysis of application while the difference in energy consumption and costs can be up to 17%. The requirement for performing analysis on a wider range of units is indicated, especially when heat pump systems with different sources are considered. HVAC system with AWHP units with capacity control is a cost optimal solution for case study nursery building operating on the Croatian coast. The application of the photovoltaic (PV) array sized to cover nonrenewable part of electricity consumed in HVAC system has a return period of 12 years. It is determined that seasonal efficiency indicators from relevant European database do not support unit operation.

Cost Optimal Renewable Electricity-Based HVAC System: Application of Air to Water or Water to Water Heat Pump