Monday, July 27, 2015

Total Cost of Ownership (TCO) is a way to discover the lifetime costs that follow from owning certain kinds of assets.

The cost of a water pump includes more than it's up front purchase costs. Like many products, there are additional costs for installing, operating, and maintaining the product that add up over time. For many

Example calculations below show how this is done for a water pump:

(Watts/1000) = kwh x 8760 (hrs/yr) x .10 (kwh cost)
= Energy Cost per Year

Example:
(345 Watts/1000) = .345 kwh x 8760 x .10 = $302.22/year