Energy Project Financing : Resources and Strategies for Success

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330 Energy Project Financing: Resources and Strategies for Success



  • addition of radiant barriers in an attic, and

  • HVAC system changes not enabled by the fixed options within
    some whole-building hourly simulation programs.


The creation and calibration of a simulation can be time concerning.
The use of monthly data for calibration is usually less costly than hourly
calibration. Calibrations based on monthly utility data can achieve an ap-
proximate mean bias error (MBE) of ±20% compared to monthly energy
use. Hourly calibrations can achieve ± 10% to ±20% CV (RMSE) of hourly
energy use, or ± 1 % to ±5 % of the monthly utility bill.


3.4.4.3 Option D: Best Applications
Option D is best applied where:



  • either baseyear or post-retrofit energy data unavailable or unreli-
    able.

  • there are too many ECMs to assess using Options A or B.

  • the ECMs involve diffuse activities which cannot easily be isolated
    for the rest of the facility, such as operator training or wall and
    window upgrades.

  • the impact of each ECM on its own is to be estimated within a mul-
    tiple ECM project and the costs of Options A or B are excessive.

  • interactive effects between ECMs or with other facility equipment
    is complex making isolation techniques of Options A and B exces-
    sively complex.

  • major future changes to the facility are expected during the period
    of savings determination and no realistic means can be found to
    track or account for their energy impact.

  • an experienced energy simulation professional is available and
    adequately funded for gathering suitable input data and calibrat-
    ing the simulation model.

  • the facility and the ECMs can be modeled by well documented
    simulation software, and reasonable calibration can be achieved

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