Electrification Scoping and Feasibility Studies
The benefits of electrification are numerous, including reduced natural gas consumption, reduced carbon emissions, reduced maintenance, improved occupant comfort, and avoiding local municipal penalties, heat pump domestic hot water (DHW) heaters, air-source heat pumps (ASHPs), water-source heat pumps (WSHPs), ground-source heat pumps (GSHPs) variable refrigerant flow (VRF) systems, and modular electric heat pump chillers.
Investment grade studies imply that the results can be expected to be accurate within a range and can be relied upon to request funding. Investment grade studies usually involve extensive fieldwork and testing of existing systems, modeling the performance of the existing systems as well as the proposed improvements, some level of conceptual design, and detailed opinions of probable construction costs. Their accuracy is dependent upon the information available and the level of scope and effort, which varies depending on the Owner's desired results. Sometimes the Owner wants the results to clarify the economic performance of an investment and expects the accuracy to be high, in which case we will typically provide detailed conceptual scopes for use by a professional cost estimator, or we will provide these to contractors for budget pricing at the request of the owner. Other times, the owner is already convinced of the merits of the project and has flexible funding available, and simply needs confirmation of the merits to obtain approval for their funding request. We have been providing investment-grade feasibility studies for 20 years, and we have become very good at meeting our client’s expectations.