To apply an analysis method of life cycle cost when assessing economics of equipment system, we should basically set up preconditions such as useful life, price escalation rate, interest rate, etc. as well as consider a calculation algorism of source energy and heat source system, which is a complex process for life cycle costing. For this reason, equipment designers tend to plan heat source systems, without a thorough investigation on economics of alternative systems at the pre-design phase. In this process, architectural designers should adopt a proper heat source system, which is one of the most important factors for planning an appropriate architectural design, through a discussion with equipment designers in a short time. In order to offer an evaluation method for equipment designers to analyze economics of an alternative heat source system easily at the pre-design phase, this research would define the simplified economics, evaluation method through analysis of existing papers for economics evaluation, and examine validity through comparison of simplified method values ($LCC_{EC}$) and life cycle costing values ($LCC_{15}$) for six alternative heat source systems.