Life cycle cost analysis of commercial buildings with energy efficient approach

SummaryIn any construction project, cost effectiveness plays a crucial role. The Life Cycle Cost (LCC) analysis provides a method of determining entire cost of a structure over its expected life along with operational and maintenance cost. LCC can be improved by adopting alternative modern techniques without much alteration in the building. LCC effectiveness can be calculated at various stages of entire span of the building. Moreover this provides decision makers with the financial information necessary for maintaining, improving, and constructing facilities. Financial benefits associated with energy use can also be calculated using LCC analysis. In the present work, case study of two educational buildings has been considered. The LCC of these buildings has been calculated with existing condition and with proposed energy efficient approach (EEA) using net present value method. A solar panel having minimum capacity as well as solar panel with desired capacity as per the requirements of the building has been suggested. The comparison of LCC of existing structure with proposed solar panel system shows that 4% of cost can be reduced in case of minimum capacity solar panel and 54% cost can be reduced for desired capacity solar panel system, along with other added advantages of solar energy