SEM RP-31-14 Economics

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Updated by Bonny Whitehouse, IALDA, MIES, LC (2017)
Updated by John Selander
Original Authors: Cheryl R. English and James S. Smith

Several methods of analysis for lighting systems economics and the strengths and weaknesses of each method are introduced in this revised seminar.

At the end of the seminar, participants will be able to:

  • Understand the difference between first-level and second-level financial analysis
  • Calculate a Life-Cycle Cost-Benefit Analysis between low or more lighting systems
  • Identify the key factors that must be considered when making an effective comparison between lighting systems
  • Describe in detail why energy management techniques are important and explain to an owner or property manager why (and how) one system has a lower total overall cost of installing, owning and operating, in today’s dollars, and should be specified over an alternative system
  • Understand the “perils” of using Simple Payback alone to select a lighting system

Student Materials include:

  • Student Handouts (19 pages)
  • RP-31-14 Standard (22 pages)

Secure PDF:  2 files to download
Publisher: Illuminating Engineering Society (2017)
SKU: SEM RP-31-14 Economics

Additional information


Digital, Softcover