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Geothermal Heat Pump and Heat Engine Systems: Theory and Practice
ISBN:
9781118961940
No. of Pages:
494
Publisher:
ASME-Wiley
Publication date:
2016
eBook Chapter
16 Energy Economics and Environmental Impact
Page Count:
12
-
Published:2016
Investments in energy-efficient measures and systems, particularly renewable energy systems, require a relatively large up-front investment in equipment that results in future savings or future income. In order to evaluate these investments, it is necessary to understand how the value of money changes over time. These evaluations are typically studied in a field that has been traditionally called Engineering Economics or, more recently, Energy Economics. Engineers need to be well versed in methods to compare alternatives, or the best ideas may never be realized.
Topics:
Energetics
16.1
Overview
16.2Simple Payback Period and Rate of Return
16.3Time Value of Money
16.4Cost Considerations for Geothermal Energy Systems
16.5Uncertainty in Economic Analyses
16.6Environmental Impact
16.7Chapter Summary
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