Where should you start when it comes to energy efficiency upgrades

Determining the energy efficiency project with the best payback requires careful analysis and consideration. Here’s a step-by-step guide to help you in the decision-making process:

1. Assess your energy usage: Start by examining your energy consumption patterns. Identify areas where energy is being wasted or inefficiently used.
2. Conduct an energy audit: Perform a comprehensive energy audit to evaluate the current state of your building. This may involve inspecting HVAC systems, lighting, compressed air, and more. Consider hiring a professional energy auditor for accurate results.
3. Research potential projects: Explore various energy efficiency projects that could address the areas identified in the audit. Common projects include upgrading insulation, identifying and repairing leaks in compressed air systems, installing energy-efficient lighting, optimizing HVAC systems, or utilizing variable speed drives on motors which have varying loads.
4. Calculate potential savings: Estimate the potential energy and cost savings each project could generate. Consider factors such as the initial investment, expected energy savings, maintenance costs, and the project’s lifespan. You may find energy calculators or software helpful in this regard.
5. Determine payback period: Calculate the payback period for each project by dividing the initial investment by the annual energy cost savings. The shorter the payback period, the faster you will recoup your investment.
6. Consider other benefits: Payback period shouldn’t be the sole criterion. Assess other non-financial benefits such as increased comfort, improved indoor air quality, and the positive environmental impact of each project.
7. Evaluate available incentives: Research and consider any available incentives, rebates, or grants that could offset the initial investment of your chosen project(s). These incentives can significantly improve the overall economic viability.
8. Prioritize projects: Rank the projects based on their payback period, additional benefits, and available incentives. Decide which project aligns best with your goals, budget, and preferences.

Remember, it’s crucial to consult with energy experts or professionals in the field to ensure accurate analysis and project selection. Good luck with your energy efficiency endeavors!