Get a more accurate financial picture and long-term cost-benefit analysis of your energy investments.
Challenges to Energy Budgeting
Organizations are feeling the pressure to make long-term investment decisions in an uncertain and challenging economic climate, where capital and budgets are tight. Often energy is viewed under one variable – the cost of fuel. However, it’s risky to evaluate a long-term investment by only accounting for this one variable. Assessing your short- and long-term energy needs and true costs can be complicated, which can lead to misaligned budgeting. Not only do you need to budget for the right infrastructure to meet your load requirements and efficiency goals, but you also need to think about a multitude of factors and projections that impact the health of your investment.
How Vicinity Can Help
The most effective way to compare your energy infrastructure options is to calculate your energy lifecycle costs. A lifecycle cost analysis can help you accurately determine the cost-effectiveness of the different investment and financing options you’re considering. A lifecycle analysis accounts for and weighs myriad factors, from the purchase price of the equipment, financing costs, to operating and maintaining (O&M) the equipment over time, which is a variable that is often overlooked but can be a significant expense. A lifecycle cost analysis provides you with the most comprehensive picture of the costs and benefits of your alternatives and serves as a data-backed tool that you can use to support your decision with stakeholders and financers.
From district energy to energy asset management, Vicinity can help you accurately assess your energy options so that you can budget for the optimal solution that meets your short- and long-term goals.
Advantages to Partnering With Vicinity for Energy Budgeting
Lock in Fuel Costs
Capital Budgeting and Planning
Energy Master Planning
We can put together a complete and comprehensive plan for our customers’ energy assets, budget and energy goals to help them achieve these goals within their budget constraints.
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