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Article
Accelerating Applied Sustainability of Utilizing Return on Investment for Energy Conservation Measures
International Journal of Energy, Environment and Economics (2009)
  • Joshua M. Pearce, Queen's University - Kingston, Ontario
  • D. Denkenberger, University of Colorado Boulder
  • H. Zielonka, Clarion University of Pennsylvania
Abstract
Many energy conservation measures (ECMs) that utilize energy more efficiently thanstandard devices or practices will save money in the long term; however, decision makers oftenfail to deploy ECMs because of what is viewed as a prohibitively long payback time. This paperprovides a graphical tool to determine the return on investment (ROI) of any ECM from only thesimple payback and device lifetime, which corrects this common economic error. Utilizing thismethod will encourage the increased deployment of energy efficiency and renewable energytechnologies, while improving the economic performance of the companies and individuals thatutilize the method.
Keywords
  • Economics,
  • investing,
  • energy conservation,
  • energy efficiency,
  • energy retrofit,
  • payback,
  • sustainability
Disciplines
Publication Date
2009
Publisher Statement
©2009 Nova Science Publishers, Inc. Preprint uploaded here in compliance with publisher policies.
Citation Information
Joshua M. Pearce, D. Denkenberger and H. Zielonka. "Accelerating Applied Sustainability of Utilizing Return on Investment for Energy Conservation Measures" International Journal of Energy, Environment and Economics Vol. 17 Iss. 1 (2009)
Available at: http://works.bepress.com/jmpearce/100/