energy efficiency upgrades: the financial considerations
TRANSCRIPT
Cost of products and network integration
1. Consider the Costs
2. Consider the Benefits
Cost of installation - Installing the solution yourself - Requesting installation from the provider - It’s an additional cost, but ensures the job is done right!
Important metrics to look at - Simple payback period - Total installed cost / Estimated total annual savings * 12 = x months - Annual energy savings - Rate of return on your capital investment - Cost of doing nothing
Energy consumption by device - Every device in your facility uses different amounts of energy. What devices would be a part of your smart plug deployment?
Operation schedule - Your energy savings depend on the number of weekly hours devices are turned off.
Energy rate
Operations savings - Internal labor - Enhanced equipment life
Total installed cost = cost of all products + installation costs - any utility incentives
Utility incentives
Energy savings
Factors that help to estimate what you could save:
Operational costs
3. Consider financing and shared savings programs
The Financial Considerationsfor Smart Plug Deployment
12 = X Months