Simple Payback definition

Simple Payback means the length of time, typically presented in years, required to recover the cost of a measure or project.

Simple Payback means the length of time, typically presented in years, required to recover the cost of a

Simple Payback means the estimated ECM cost divided by the estimated first year ECM energy, operating, and maintenance savings.

Examples of Simple Payback in a sentence

• When net LCC is positive, the updated code edition is considered cost‐effective.• Simple Payback: While not a true cost‐effectiveness metric, simple payback is also calculated.

• Simple Payback Period for the 2015 IECC Compared to the 2009 IECC Climate Zone Overview of the Cost-Effectiveness Analysis Methodology This analysis was conducted by Pacific Northwest National Laboratory (PNNL) in support of the U.S. Department of Energy’s (DOE) Building Energy Codes Program.

• The Loan amount will be determined by the lesser of: 1) multiplying the annual energy cost savings by [Insert Maximum Simple Payback Period]; 2) total Project costs; or 3) approved Loan amount.

• Simple Payback Period Life Cycle Cost MethodTime Value of Money Interest Formulas and TablesPresent Worth Project LifeNet Present Value Annual Cost MethodPresent Worth Method Economic Performance MeasuresAfter Tax Cash Flow Analysis Depreciation MethodsInternal Rate of Return Impact of Fuel Escalation RatesEnergy Accounting Btu ReportingPoint of Use Costs Efficiency Measures REF: Mehta and Thumann, Handbook of Energy Engineering, Chapter 2.

• Energy Efficiency Measures Estimated Total Project Cost Energy Commission Loan Estimated Annual Energy Cost Savings Simple Payback* (Years) [Insert EEM #1.

More Definitions of Simple Payback

Simple Payback means the number of years for the projected annual energy or water savings to equal the amount invested in the energy or water conservation measure, as determined by dividing the investment by the annual energy or water savings.

Simple Payback means the number of years for the projected annual energy cost savings to equal the amount invested in the energy efficiency measure, as determined by dividing the investment by the annual energy cost savings.

Simple Payback means the marginal additional cost of implementing an energy efficiency measure (excluding VAT) divided by the value of the annual energy savings achieved by that measure, where:

Simple Payback means the number of years it takes for the projected annual energy

Simple Payback means the cost of the Project divided by the fist year's estimated savings resulting from the Project.

Simple Payback means the marginal additional cost of implementing an energy efficiency measure (excluding VAT) divided by the value of the annual energy savings achieved by that measure, where:The marginal additional cost is the additional cost (materials and labour) of incorporating additional insulation and not the whole cost of the work.

Simple Payback means the number of years after which an investment will have paid for itself. Simple Payback is calculated by dividing the initial cost of the retrofit by the energy cost savings per year. Those projects with the shortest paybacks are assumed to be the most cost effective. Simple Payback = initial cost of energy retrofit / annual energy savings.