Review of Life Cycle Cost Analysis Tools
- Oak Ridge National Laboratory (ORNL), Oak Ridge, TN (United States)
Life cycle costing (LCC) is a vital aspect of decision-making in building retrofitting. It allows stakeholders to thoroughly assess all expenses involved throughout the lifespan of these retrofits, covering initial costs; ongoing operation, maintenance, and repair costs; and disposal costs of the system. The Federal Energy Management Program of the US Department of Energy has established clear guidelines for conducting LCC analysis, particularly for investments aimed at energy and water conservation, as well as renewable energy projects. These guidelines are detailed in the Code of Federal Regulations, 10 CFR 436, Subpart A, which outlines the methodology and procedure for LCC analysis (Department of Energy 1990). The National Institute of Standards and Technology (NIST) has developed the NIST Handbook 135 (Joshua Kneifel 2022) to standardize the process of LCC analysis within the building industry. Whereas the handbook is tailored to the needs of federal agencies, its principles and methodologies can be valuable for other organizations and industries interested in conducting life cycle costing analyses for their building projects.
- Research Organization:
- Oak Ridge National Laboratory (ORNL), Oak Ridge, TN (United States)
- Sponsoring Organization:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE), Energy Efficiency Office. Building Technologies Office; USDOE Office of Science (SC)
- DOE Contract Number:
- AC05-00OR22725
- OSTI ID:
- 2479035
- Report Number(s):
- ORNL/TM--2024/3592
- Country of Publication:
- United States
- Language:
- English
Similar Records
Energy price indices and discount factors for life-cycle cost analysis 1995. Annual supplement to NIST handbook 135 and NBS special publication 709. (Revised)
Life-cycle costing manual for the Federal Energy Management Program. 1995 edition. Handbook
Energy price indices and discount factors for life-cycle cost analysis 1997. Annual supplement to NIST handbook 135 and NBS special publication 709. (Revised)
Technical Report
·
Sat Oct 01 00:00:00 EDT 1994
·
OSTI ID:6839779
Life-cycle costing manual for the Federal Energy Management Program. 1995 edition. Handbook
Technical Report
·
Wed Jan 31 23:00:00 EST 1996
·
OSTI ID:250652
Energy price indices and discount factors for life-cycle cost analysis 1997. Annual supplement to NIST handbook 135 and NBS special publication 709. (Revised)
Technical Report
·
Mon Jul 01 00:00:00 EDT 1996
·
OSTI ID:402132