The purchase price is only the tip of the iceberg.
The TOTAL Cost of running a motor greatly exceeds the upfront purchase price!
TOTAL COSTS include:
Electricity to run the motor can exceed the purchase price many times over!
Differences in motor efficiency usually payback the Premium Efficiency Motor price difference within a year or two - you save money year after year thereafter!
Downtime
Man-hours to remove and reinstall
Repair-Maintenance Costs
Premium Efficiency Motors last longer due to better construction
The GE Ultra has longer life
To answer this question for yourself just based upon electricity savings alone you will need:
1. motor horsepower (on the nameplate or catalog)
2. efficiency (on the nameplate or catalog)
3. price per kilowatt hour in your area. (If you are unsure of your price per kilowatt hour check your utility bill or use my figure of $0.10 per kilowatt-hour.
Hours run per year ( 24hrs X 365 days = 8,760)
This calculator will tell you which is the best purchase for your particular situation - how much electricity $ you will save - how quick the price differences between motors will be paid back - which specific motor is your best $ value just based upon purchase price and electricity cost. It's easy!
Now go to the link on the right and enter your information into the calculator.
Try different variables such as leaving the motor cost field blank. Now you can calculate potential electricity savings from one motor to the next. Try typing in a single motor efficiency and figure what you are paying to run your motor on an annual basis.
It is an easy to use calculator, give it a try.
Tim's Tips by Tim Durnil - REED Equipment Program Manager (800) 808-1870 option 3
Efficiency Cost Calcultor
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It's Only Money!
Learn the value of premium efficiency motors. Understand the WHY & HOW of buying and repairing premium efficient motors - be armed with the facts with this tech article developed by EASA.
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