This energy cost calculator allows users to enter custom input values to estimate lifetime energy and cost savings for energy-efficient commercial ice machines.
- $0.06 per kWh for electricity is the Federal average price in the U.S.
- Future electricity price trends and a discount rate of 3.2% are based on Federal guidelines.
- Lifetime energy cost is the sum of the discounted value of the annual energy costs based on assumed ice making machine life of seven years.
This cost calculator is a screening tool that estimates a product's lifetime energy cost savings at various efficiency levels. Maintenance and installation costs do not vary significantly among the same product having different efficiencies; so, these costs are not included in this calculator tool. For a detailed life cycle cost analysis, the Federal Energy Management Program has developed a tool called Building Life Cycle Cost (BLCC). This downloadable tool allows the user to vary interest rates, installation costs, maintenance costs, salvage values, and life expectancy for a product or an entire energy project.