The objective of this study is to establish boundary conditions to evaluate the cooling capacity of the Cooling Radiant Ceiling Panel (CRCP) considering the environment of a room equipped with the CRCP. The current study investigated the boundary conditions and derivation techniques from previous studies. Based on the results of the analysis, a heat transfer model was derived for a room fitted with CRCP. In addition, the heat transfer model was used to derive the factors affecting the cooling capacity of the CRCP and each factor was simulated and verified through this model. The effects of these factors on the capacity of the CRCP was established by using various boundary conditions. To verify the validity of the simulation model, the experimental results were compared with the cooling capacity for a specific case. As a result, it was established that even for the same panel, there was a variance in the cooling capacity of the CRCP based on the boundary conditions and that the influence of the surface exposed to the outdoors had more implications. Consequently, this study presents the influence factors to be considered when designing CRCP.