Simple payback period definition

Simple payback period means the length of time (expressed in months) obtained by dividing (x), the aggregate costs of any such Capital Improvement, by (y), the Projected Annual Savings.

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Simple payback period means the number of years it takes to pay back, from estimated savings, the initial cost of an energy conservation measure with the simple payback period equal to the initial cost divided by the estimated annual savings;

Simple payback period means the number of years required to allow the dollar value of an investment in water pollution control to be exceeded by cost savings resulting from the investment.

Examples of Simple payback period in a sentence

• Simple payback period for SWH systems for various energy sources21 Source of fuel Simple payback period (Years)22 Electricity 12.4 7.9 10.4 LPG 10.1 - - PDS Kerosene 7.0 - - Fuel Oil - 21.1 21.1 The payback periods are very long when SWH systems are to substitute electricity in residential applications and fuel oil in commercial and industrial applications compared to 20 Exchange rate 1 USD = 69 Taka 21 Underlying assumptions and workings are attached in Annexure I.

• Source of Energy Simple payback period (Years)25 Residential Commercial Industrial Electricity 16 10 14 LPG 13.4 - - Kerosene 9 - - Fuel Oil - 28 28 Generally the payback periods are very long since the cost of SWH systems is very high in Sri Lanka and electricity and fuels are comparatively cheap.

More Definitions of Simple payback period

Simple payback period means the length of time (expressed in months) obtained by dividing (x) the aggregate costs of any such Energy Efficient Capital Improvement by (y) the anticipated annual savings in utility costs (which shall be the average of the determinations by the two Independent Engineers of such annual savings) includable in Operating Expenses (the “Projected Annual Savings”). By way of example, if the aggregate costs of such Energy Efficient Capital Improvement is $2,000,000 and the Projected Annual Savings are $500,000 per annum, then the Simple Payback Period for such Energy Efficient Capital Improvement is forty-eight (48) months. The Projected Annual Savings and the Simple Payback Period shall be certified in writing by the Independent Engineers.

Simple payback period means the time required for the cumulative savings from an energy management improvement project to recover its initial investment cost and other accrued costs, without accounting for the time-value of money. It is calculated by dividing the estimated total costs of acquiring the materials and installation for the implementation of an energy management improvement by the estimated annual savings for the energy management improvement. For renewable and coal conversions, savings are based on the fuel replaced.

Simple payback period means the ratio of the estimated ECP cost divided by the estimated savings per year by implementing the Energy Conservation Project. Subcontractor: means either an entity contracting directly with the prime Contractor to furnish equipment or services as a part of or related to a particular Task Order or an entity contracting with a Subcontractor of any tier to furnish equipment or services as part of or related to such Task Order.

Simple payback period means the length of

Simple payback period means the estimated total costs of the measure (including design, materi- als and installation) divided by the estimated annual cost savings for the measure. For renewable and coal conversions, savings are based on the fuel replaced.

Simple payback period means the number of years it takes to pay back, from estimated energy

Simple payback period means the number of years it takes