How to Estimate Costs for Energy Projects

Use simple accounting methods to estimate the cost of your chosen energy project. If you have multiple projects lined up, this method will help you prioritize which project you should implement first.

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Key Concepts

  • Estimate the cost of energy projects with the Simple Life Cycle Cost method (SLCC).
  • Determine initial costs, operating costs, and estimated lifespan of equipment.
  • Learn how to use your software’s XIRR function to gather more detailed information.