2014
DOI: 10.2172/1150196
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Reducing Transaction Costs for Energy Efficiency Investments and Analysis of Economic Risk Associated With Building Performance Uncertainties: Small Buildings and Small Portfolios Program

Abstract: A net positive cash flow, meaning that the annual energy cost savings is greater than the annual payment of an energy efficiency investment. Energy Cost Savings: A reduction in utility bills resulting from an investment in energy efficiency. Energy Performance Guarantee: A guarantee from an energy service company or contractor ensuring that a certain level of energy savings is achieved. Energy Savings Threshold: The minimum desired energy savings that a building owner or evaluator expects to achieve cost effec… Show more

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Cited by 4 publications
(5 citation statements)
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“…First of all, since a project within an EC is usually small and not sufficiently aggregated, this can result in high transaction costs. This can impact investors negatively; for example, investments related to EEM, such as retrofits of buildings, usually have relatively long payback periods, and investors are wary that the savings achieved will not justify the cost of the intervention [159]. The same goes for investments in ECs ancillary services, e.g., congestion control or peak shaving through DR. A further barrier to financing these projects is a certain degree of difficulty in assessing the investment risk that private investors may face.…”
Section: Possible Solutions To Overcome Economic and Financial Barriersmentioning
confidence: 99%
“…First of all, since a project within an EC is usually small and not sufficiently aggregated, this can result in high transaction costs. This can impact investors negatively; for example, investments related to EEM, such as retrofits of buildings, usually have relatively long payback periods, and investors are wary that the savings achieved will not justify the cost of the intervention [159]. The same goes for investments in ECs ancillary services, e.g., congestion control or peak shaving through DR. A further barrier to financing these projects is a certain degree of difficulty in assessing the investment risk that private investors may face.…”
Section: Possible Solutions To Overcome Economic and Financial Barriersmentioning
confidence: 99%
“…Finance: While energy efficient investments often demonstrate lifetime cost savings compared to traditional options, they may have high upfront costs, or consumers might not be prepared to invest in efficiency measures even if they will save money over the long term. A large number of financial incentives and new business models have been adopted to address these barriers [18]- [20]. For example, low-interest loans can enable homeowners and commercial businesses to invest in energy efficiency.…”
Section: Measures To Promote Energy Efficiencymentioning
confidence: 99%
“…Likewise, air-source heat pumps that can be used in place of furnaces and boilers to heat buildings have average efficiencies about three times greater. 20 These higher efficiencies result in less energy use, fewer emissions of local criteria pollutants and (usually) a reduction in CO2 emissions (depending on the composition of the local electricity generation mix).…”
Section: Benefits and Challenges Of Electrificationmentioning
confidence: 99%
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“…LHS uses an even sampling method to ensure that each value (or range of values) is represented evenly within the samples, no matter which value might turn out to be more important (Cheng and Druzdzel 2000). The resulting set of random inputs yields a very smooth distribution that minimizes the number of runs to obtain an accurate distribution of output variables (Langner et al 2014). In this situation, LHS calculates the combination of perturbations and the values for each perturbation.…”
Section: Design Of Test Matricesmentioning
confidence: 99%