When an upgrade repays itself.
A worked example
Starting figures
- Upgrade cost
- $3,200
- Current yearly energy bill
- $2,100
- Expected saving
- 22%
What it returns
- Payback
- 6.9 yr
- Yearly saving
- $462
- Saving over 15 years
- $6,930
- Net benefit
- $3,730
How to read the results
With the defaults above, payback works out at 6.9 yr.