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Role of Economic Analysis in the Development of Energy Standards for New Buildings.


pdf icon Role of Economic Analysis in the Development of Energy Standards for New Buildings. (3261 K)
Petersen, S. R.

NBSIR 78-1471; July 1978.

Sponsor:

Department of Housing and Urban Development, Washington, DC

Available from:

National Technical Information Service
Order number: PB-284461/1

Keywords:

energy conservation; performance standards; building codes; buildings; life-cycle cost; benefit cost analysis; cost effectiveness; optimization

Abstract:

This report suggests that economic considerations be incorporated directly into the standards development process. A life-cycle benefit-cost approach to standards development can provide a systematic and objective framework for standards specification. Differences in climate, building type, energy cost, and operational requirements can be directly incorporated into the standard as they impact energy-related benefits and costs. It is shown that the life-cycle costs associated with any given overall conservation goal can be reduced by developing an economically balanced standard. In addition, it suggests that a standard which has as its goal the minimization of life-cycle costs will likely lead to greater effective energy savings than alternative approaches. Specific suggestions for the incorporation of economic analysis into the standards development process are made.