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From the energy savings and implementation costs calculated, a simple payback period for the system design can be found. The simple payback calculates the number of years the investment will reduce energy costs by the same amount as the initial cost of implementation. This demonstrates the timeframe the project requires to begin “earning” the facility money [24]. The following calculation shows this simple payback period. SP = IC / ES = $323,134 / $119,552/yr = 2.7 years where SP = simple payback period IC = total implementation cost for the entire system ES = annual energy savings expected from the design This system design is estimated to pay for itself in less than three years. This simple payback is calculated based on the initial costs along with the estimated energy consumption reduction and does not include any types of maintenance costs throughout the life of the system. However the system does not consist of many moving parts leading to the majority of the maintenance costs being associated with the pumps and cleaning of the heat exchangers. This maintenance is assumed to be minimal and should not impact the implementation of the system. However, certain maintenance interval estimations have been established and are discussed in previous sections which can be used to provide a more accurate representation of the payback period. 117PDF Image | TUDY OF LOW-GRADE WASTE HEAT RECOVERY
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