Quinn Carparkproductpayback

  • June 2020
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Save It Easy® Simple Payback & Calculation Model V4.0.14 This model can be used to indicate the potential savings and payback which could be achieved from the installation of Save It Easy® e-ballast conversion fittings against an existing lighting system. This is for illustration purposes only and certain assumptions have been made, which are detailed below.

Company/Site Details Company:

Quinn Insurance

Completed by:

Energy Sense Ireland

Address:

Dublin, Ireland.

Date:

15/04/2009

Tel:

00 353 21 4368581

Contact:

Angela Doyle

Tel:

01-5534161

Fax:

Position:

Email Address:

Email Address:

[email protected]

Site Details

Fluorescent Fittings in Car Park Product

[email protected]

Project Ref. Quotation Ref.

Operating Hours

Existing Installation Details

Hours/Day

15.00

Days/Week

6.00

Weeks/Year

52.00

Number of Lamps Lamp

Wattage

Switchstart

Starterless

High Frequency

18 2ft Single/Twin

4,693

Annual Operating Hours

20 18 2ft Triple 20

Maintenance Cost & Electricity Tariff

18 2ft Quad

Your Maintenance Labour Rate (€/hour)

20.00

Electricity Unit Price (€ cents/kWh)

19.780

20 3ft

30

VAT Rate on Electricity Unit Price

36 4ft No

Climate Change Levy (CCL) Charged?

40

0.0%

CCL Rebate received (if applicable)

58

180

5ft 65 70 6ft

Save It Easy® Installation Cost Select Installation Cost Method

75 Per Lampway

85 8ft

100 125 Total Lamps

180

Assumptions/Exclusions: 1. Electricity unit price, lamp prices, labour hourly rate/installation cost per lampway and annual operating hours do not vary during the project term. 2. Energy savings based on standard D Type switchstart ballast. 3. Ceilings do not exceed 2.4 metres in height (installation cost will vary above this height). 4. Savings are based on the installation of standard lamps. 5. Interest is excluded from this calculation. 6. VAT is excluded from this calculation. 7. Delivery costs are excluded from this calculation. For more information on Save It Easy® products contact:

ENERGY SENSE IRELAND Ltd Unit 4a I Glenview I Ballinrea I Carrigaline I Co Cork I Ireland T. 00+353 (0)21 4368581 E [email protected] Website - www.energysense.ie

Copyright © Energy Conservation Solutions Limited – An Energys Group Company. All rights reserved. Save It Easy® is a registered Trademark. Energy Conservation Solutions Limited is registered in England No. 03619534. VAT No. GB 723 2349 54.

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Contract V4.0.14

Save It Easy® Yes

Payback Calculation Model Result Installing Save It Easy® e-ballast conversion fittings will give a payback of 0.58 years (7 months) on an investment of €3,438, with a total saving in the region of €57,828 and 154 Tonnes CO2 over the estimated project life of 10.6 years.

Existing Installation

Save It Easy® Installation

Year 3

Annual Energy Consumption

59,975 kWh

59,975 kWh

Annual CO2 Emissions

32.2 Tonnes

32.2 Tonnes

Year 4

59,975 kWh

Year 5

59,975 kWh

32.2 Tonnes

59,975 kWh

32.2 Tonnes

32.2 Tonnes

Annual Energy Cost



11,863



11,863



11,863



11,863



11,863

Annual Product Cost



230



230



230



230



230

Annual Labour Cost



282



282



282



282



282

Annual CCL Cost



-



-



-



-



-

Total Cost



12,375



12,375



12,375



12,375



12,375

Annual Energy Consumption

32,944 kWh

32,944 kWh

32,944 kWh

32,944 kWh

32,944 kWh

Annual CO2 Emissions

17.7 Tonnes

17.7 Tonnes

17.7 Tonnes

17.7 Tonnes

17.7 Tonnes

Project Install Cost



3,438

Relamp Cost



-

Annual Energy Cost



Annual CCL Cost



Total Cost





-

6,516



-



9,954



27,031 kWh

Consumption Units Saving

CO2 Emission Saving



-

6,516



-



6,516



27,031 kWh

45.1%

Consumption Percentage Saving

Savings

Year 2

Year 1

Costs and Savings

-

6,516



-



6,516



27,031 kWh

45.1%

14.5 Tonnes



416

6,516



6,516

-



-

6,516



6,932

27,031 kWh

45.1%

14.5 Tonnes



27,031 kWh

45.1%

14.5 Tonnes

45.1%

14.5 Tonnes

14.5 Tonnes

Energy Saving



5,347



5,347



5,347



5,347



5,347

Existing Installation Product Saving



230



230



230



230



230

Labour Saving



282



282



282



282



282

CCL Saving



-



-



-



-



Cumulative Savings



5,858



11,717



17,575



23,433



29,291

Net Cumulative Saving



2,420



8,278



14,137



19,995



25,437

-

Save It Easy® Project Cost and Cumulative Savings over five years € 35,000

€ 30,000

€ 25,000

€ 20,000

€ 15,000

€ 10,000

€ 5,000

€Project Install Cost

Year 1

Year 2

Year 3

Year 4

Year 5

€ 3,438 €-

€-

€-

€-

€ 416

Cumulative Savings

€ 5,858

€ 11,717

€ 17,575

€ 23,433

€ 29,291

Net Cumulative Saving

€ 2,420

€ 8,278

€ 14,137

€ 19,995

€ 25,437

Relamp Cost

For more information on Save It Easy® products contact:

ENERGY SENSE IRELAND Ltd Unit 4a I Glenview I Ballinrea I Carrigaline I Co Cork I Ireland T. 00+353 (0)21 4368581 E [email protected] Website - www.energysense.ie

Copyright © Energy Conservation Solutions Limited – An Energys Group Company. All rights reserved. Save It Easy® is a registered Trademark. Energy Conservation Solutions Limited is registered in England No. 03619534. VAT No. GB 723 2349 54.

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V4.0.14

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