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Economic analysis |
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1. Project Cost
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Item |
Description |
Q’ty |
Cost |
Remarks |
1 |
GSE IP-195 SWH |
1 |
$2,690 |
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2 |
Installation Materials |
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$300 |
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3 |
Installation Labors |
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$600 |
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4 |
Ontario Rebate |
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-$500 |
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5 |
Federal Rebate |
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-$500 |
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6 |
Energy Audit1
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$300 |
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7 |
Energy Audit1 Rebate |
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-$150 |
50%, up to $150 rebated by Ontario Government. |
8 |
Energy Audit2 |
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$150 |
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9 |
Total |
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$2,890 |
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2. Economic Analysis |
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| Item |
Description |
Results |
Remarks |
1 |
Project Cost |
$2,890 |
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2 |
Annual Savings |
upto $600 |
One unit saves up to 1,000 m³ gas per year on optimized performance conditions, based on current gas price of $0.55/m³. |
3 |
Investment pay-back cycle |
around 5 years |
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4 |
Equipment life cycle analysis: Total static benefit throughout 25 year equipment design life cycle |
$15,000 |
Gas price goes up every year. Your total benefit would be more than $15,000 in 25 year equipment life cycle. |
5 |
Environment contribution |
Yearly 2.2 tons green-house gases reduced each unit. |
55 tons GHG reduced in 25 year equipment life cycle. |
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