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Life Cycle Costing for Energy Professionals

$650.00

*Please note, for all certification preparation training programs, an additional fee is due when submitting your certification application to take the exam.

About this Program

Businesses and governments make important financial decisions based on financial benefits to their organizations.  This course provides the energy professional with knowledge and practical tools to identify cost-effective energy conservation measures (ECMs), energy conservation opportunities (ECOs), and demand-side management (DSM) measures.   The course goes beyond simple payback analysis of energy conservation measures.  It helps the energy professional understand and be able to calculate important energy investment parameters such as net present value, rate of return, and return on investment.  The course helps participants understand why an energy conservation measure, which may have a seemingly “long” payback period (e.g., 3-4 years), is an excellent energy conservation investment, often returning dollar savings more than two or three times the initial investment.   As a unique benefit of the course, participants receive three life cycle costing spreadsheets they can use to conduct LCC analyses for their organizations and their customers.

Learning Objectives & Take-Aways:

  • Learn practical definitions of net present value (NPV), internal rate of return (IRR), savings-to-investment ratio (SIR), and how to calculate them for any energy conservation measure.
  • Learn how to explain NPV, IRR, and SIR to key decision-makers and customers, so they act on cost-effective energy conservation measures.
  • Learn how to use LCC spreadsheets to quickly and accurately calculate NPV, IRR, and SIR to select the most cost-effective ECMs.
  • Receive three spreadsheets you can use to conduct LCC analyses for yourselves and your customers.

Program Agenda

Day 1

Introduction and Course Objects
LCC Primer

  • Simple Payback Period (SPP)
  • Heating, Ventilating, Air-Conditioning Example (HVAC) Example
  • Time Value of Money Principles
  • Heat Pump Water Heater (HPWH) LCC Example
  • Net Present Value (NPV)
  • Internal Rate of Return (IRR)
  • Savings to Investment Ratio (SIR)
  • Adjusted Internal Rate of Return (AIRR)

Day 2

Energy Efficient Fluorescent Lighting LCC Example

  • NPV, IRR, SIR, AIRR

Heating, Ventilating, Air-Conditioning (HVAC) LCC Example

  • NPV, IRR, SIR, AIRR

How to use LCC

  • Explain and support cost-effective energy conservation measures to your customers, financial officers and senior management

Day 3

LCC Analyses using spreadsheets

  • Heat Pump Water Heater Example
  • Energy Efficient Fluorescent Lighting Example
  • HVAC Example

Participants use complimentary spreadsheets to solve LCC problems

Educational Credits

You earn 0.6 CEU | 6 PDH | 1.2 AEE Credits for completing this program

Attendees

The program is of greatest value to individuals responsible for energy management and energy-related cost reduction. Attendees of this program have included professionals from end-users in industrial, commercial, government, utility, institutional, municipal and residential sectors, as well as energy service and engineering firms. Their roles have ranged from existing energy professionals, energy service providers, energy engineers, energy managers, facilities managers, business managers, and energy consultants.

Online Training Experience

Attending this program is an ideal opportunity to participate in a focused, fast-paced instructional program, designed to expand your knowledge of life cycle costing and energy investments. The program is presented in short 2-hour sessions over the course of three days to allow professionals to attend while still maintaining their current work schedule.

Attendees can participate in this online program from anywhere you have access to a high-speed internet connection or access via smartphone/tablet. 

Training Program Hours

  • 1:00 pm - 3:00 pm US Eastern

        Your Instructor

        Important Notes

        Please Note:

        • Review the Transfer & Cancellation Policy. By Registering for this Training Program you agree to these terms.
        • Early registration is recommended as seats for AEE Training Programs are limited. Registration will close when an event reaches capacity.
        • Questions? Visit the FAQ Page for additional information about AEE Training Programs.
        • This program is designed for US attendees only. Contact your local training provider for programs available in your region.