Answer:
1. Energy Savings = 9286.01Kwh/yr
2. Simple Payback Period = 0.0637 yr or 23 days
Explanation:
For we to calculate the energy savings, first we need to calculate the power savings.
Using
η, old = W,mech out ÷ W, elec in old
η, new = W,mech out ÷ W, elec in new
W, elec in old = W,mech out ÷ η,old
Where W, mech out = Shaft Power * Load Factor
W, elec in new = W,mech new ÷ η,new
Where W, mech in = Shaft Power * Load Factor
Power Savings = W,elec in old - W,elec in new
Power Savings = (Shaft Power)(Load Factor) * (1/η,old - 1/η,new)
Power Savings = 75hp * 0.75(1/0.91 - 1/0.954) ---- 1hp = 745.7 W
Power Savings = 75 * 745.7 * 0.75(1/0.91 - 1/0.954)
Power Savings = 2125.933029234916
Power Savings = 2125.93W ---. Approximated
Calculating Energy Savings
Energy Savings = Power Savings * Yearly Work Hours
Energy Savings = 2125.93 * 4368 hr/yr
Energy Savings = 9,286,062.24Whr/yr
Energy Savings = 9286.01Kwh/yr
2. Calculating the simple payback period.
First, we calculate the cost savings
Cost Savings = Energy Savings * Unit Cost of Electricity
Cost Savings = 9286.01 * 0.12
Cost Savings = $1,114.3212/yr
Simple Payback Period = Price Difference of Motors / Cost Savings
Simple Payback Period = (5520 - 5449)/1114.3212
Simple Payback Period = 0.063715919610970
Simple Payback Period = 0.0637 yr or 23 days