Life Cycle Costing for Energy Professionals - Online Seminar
AEE Members receive $50 discount on this seminar. Use discount code "SEM50" during checkout. To become an AEE member Click Here.
NOTE: Seminar fees listed are per person for a single audio and video connection for individual use, and may not be shared with other users. All participants must individually pre-register for the desired course in order to participate. If you would like pricing information on multiple registrations for the same seminar, please contact: Terese Lavallee, phone 770-925- 9633, email: firstname.lastname@example.org
Presented online in a series of three live two-hour time modules, this seminar will show you how to use life cycle cost analysis as a means to quantitatively assess potential energy cost saving investments.
AIA Learning Units Eligible
This course has been approved by AIA for continuing education credits. The AIA requires that its registered architect members earn 18 Learning Unit (LU) hours of continuing education credit annually (eight hours of which must be related to Health, Safety, and Welfare topics and four of those eight in Sustainable Design) to remain in good standing. Architectural boards in 40 states, 10 Canadian Provinces, and 19 countries have implemented mandatory continuing education (MCE) for re-licensure.
The Association of Energy Engineers is an approved training provider within the American Institute of Architects (AIA) Continuing Education Systems (CES) Registered Provider program.
You can participate in the seminar from your office, home, or anywhere you have access to the internet and a phone. You'll have opportunities to interact with your instructor and colleagues in real time during the two live teleconferencing sessions.
About This Seminar
This course earns .6 CEUs, 6 PDHs and 1.2 AEE Credits toward Re-certification.
Businesses and governments make important strategic decisions based on assessed financial benefits to their organizations. This course is designed to provide energy professionals with knowledge and practical tools they can use to identify cost-effective energy conservation measures (ECMs), energy conservation opportunities (ECOs) and demand side management (DSM) measures.
Going beyond simple payback analysis of energy conservation measures, the course will help you understand -- and be able to calculate -- important energy investment parameters, such as net present value, rate of return and return on investment. You'll leave the program with a better understanding of why an energy conservation measure, which may have a seemingly "long" payback period (e.g., 3-4 years), is in fact a good investment, often returning dollar savings more than two or three times the initial expenditure.
The seminar is designed to teach you:
- Practical definitions of net present value (NPV), internal rate of return (IRR) and savings-to-investment ratio (SIR), and how to calculate them for any energy conservation measure.
- How to explain NPV, IRR and SIR to key decision-makers and customers so they will act on cost-effective energy conservation measures.
- How to use LCC spreadsheets to quickly and accurately calculate NPV, IRR and SIR to select the most cost-effective ECMs
The following offering(s) of the Life Cycle Costing for Energy Professionals Online Seminar are currently scheduled. The program consists of three 2-hour teleconferencing sessions, for a total of 6 hours of instruction.
The Life Cycle Costing for Energy Professionals Online Seminar will be presented in three 2-hour teleconferencing modules, covering the following topics:???????
SESSION 1: 2 hours
Welcome, Introduction, Course Objectives
• Simple Payback Period (SPP)
• Heating, Ventilating, Air-Conditioning Example (HVAC) Example
• Time Value of Money Principles
• Heat Pump Water Heater (HPWH) LCC Example
• Net Present Value (NPV)
• Internal Rate of Return (IRR)
• Savings to Investment Ratio (SIR)
• Adjusted Internal Rate of Return (AIRR)
SESSION 2: 2 hours
LCC Primer (continued)
• Energy Efficient Fluorescent Lighting LCC Example / NPV, IRR, SIR, AIRR
• Heating, Ventilating, Air-Conditioning (HVAC) LCC Example / NPV, IRR, SIR, AIRR
How to Use LCC to Explain and Support Cost-Effective Energy Conservation Measures to Customers, Ffinancial Officers and Senior Management
SESSION 3: 2 hours
LCC Analyses Using Spreadsheets
• Heat Pump Water Heater Example
• Energy Efficient Fluorescent Lighting Example
• HVAC Example
Problem Solving Session
• Participants Use Complimentary LCC CD- ROM Spreadsheets to Solve LCC Example Problems
Course Wrap-up & Review
Your Realtime Program Instructor
BARRY I. BENATOR, P.E., C.E.M., is founder and president of BENATECH, Inc., a leadership and management consulting and training firm serving clients throughout the U.S. and internationally. He has more than 30 years of consulting and training experience for corporate and governmental clients and has taught energy engineering and life cycle costing skills to more than 5,000 energy engineers, facility managers and utility personnel. His clients have included: Association of Energy Engineers; American Public Power Association; Chevron Energy Solutions; American Society of Heating, Refrigerating and Air-Conditioning Engineers; Florida Power & Light Company; Pacific Maritime Association; Jamaica Public Service Company; U.S. Department of Energy; and U.S. Navy. Barry has an M.B.A. in finance from Loyola College and M.S. and bachelor degrees in electrical engineering from Georgia Tech. He is a Myers- Briggs Type Indicator® Master Practitioner, a certified Situational Leadership® Program trainer, and a Professional Engineer / Certified Energy Manager.
Course Materials and Advance Preparations
The seminar fee covers registration for all three two-hour program modules, seminar workbook (downloadable PDF format), course certificate, and teleconferencing services, including domestic phone charges. (International calls will have non- tollfree access.) Payment in full must be received prior to the start date of the seminar.
You will receive instructions, personal support, and a chance to test your teleconferencing connection in advance of the first session.
Enrollment in this realtime online seminar will be limited to 40 participants to ensure that each student has ample opportunity for interaction with instructors and other participants.