2.5 Cost-Benefit Analysis
This is course 2.5 of the Common Advanced Control Strategies module.
Energy conservation opportunities (ECOs) are initiatives which result in a reduction in facility energy consumption. Most often, this is accompanied by a reduction in energy costs as well. Identifying potential ECOs is the first step in pursuing energy reduction and associated energy cost savings in your facility. Accurately quantifying the benefits of implementing such an ECO is typically needed as well, especially if implementation of the ECO has an upfront cost associated with it.
This lesson will discuss the common metrics used to quantify the savings potential of energy conservation opportunities. Students will be provided opportunities to employ the calculations across of variety of examples.
Speaker: Miles Ryan, PE, CEM, Commissioning Engineer, Questions & Solutions Engineering
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