Dude, if you are going to talk shit on me, at least read the post.
"Just look at it this way, if it was more economical we would be using it as our primary air conditioning in the residential market. If you have a ground water source close by (big ass tank underground, or a lake) then we can start to talk possible benefits, other then that it is not going to be more economical, in fact the opposite is true!"
That is what I said, and I stand by it. If your split systems had higher operating costs then the 12hp chiller & 5 ton air handler, they were not installed proper, sorry. There are many factors that can reduce cooling capacity.
Your chiller may be more efficient by itself lol, but by the time you send the chilled water through the water coil you have used additional pumps, as well as a air handler and your actual temperature drop is far lower on a water coil then an refrigerant coil, sorry facts bro. Your maintenance on a chiller systems is far higher etc. By the time you are done on a small application it will not save you money over a mini split.
Now, one the reason chillers are more economical is because we burry the water holding tanks in the ground (constant temperature of around 60f in California) and actually run the chiller at night when electricity rates are far lower and use the chilled water during the day, but I wouldn't want to let technical info get in the way of you correcting me.
Bottom line is the chillers are great and can save money in the right application. At this point they are not more economical in typical residential applications. And we have not even started to talk about the effect water has on the piping and its associated maintenance.