In selecting the most effective strategies, capital cost
was only one consideration. The Team defined a total
of five criteria of critical importance:
Being financially responsible
Maximize energy and operational efficiency
Realistic and practical to implement
Coordinate well with other projects
Minimize carbon-related emissions
The Team applied a decision analysis framework that
incorporated both quantitative and qualitative
evaluations of the potential actions, and
prioritized them based on how well
they supported the five critical
criteria.
Additional judgment must be
applied in determining which
actions to implement.
Consideration of total cost of
ownership, and consideration of
unpredictable futures that may
bring changes in:
Energy availability
Energy costs
Climate variability
Air quality
requirements
Economic and
financial markets
Integration with City
Comprehensive Plan
The City of Raleigh’s Comprehensive Plan, “Designing
a 21st Century City: The 2030 Comprehensive Plan
for the City of Raleigh” highlights the City’s plans for
proactive planning for energy security, climate change
preparedness, and environmental protection, while
considering costs, as highlighted by these policies:
Policy EP 1.1 - Greenhouse Gas Reduction
Promote best practices for reducing greenhouse gas
emissions….”
Policy EP 1.3 - Total Cost of Ownership
Analysis
Use Total Cost of Ownership, life-cycle analysis, and/or
payback analysis on all energy saving proposals.”
Policy EP 1.10 - Alternative Energy Sources
Support the development and application of renewable
energy technologies…to provide opportunities for
economic and community development, and benefit
environmental quality.”
These policies are integrated in the strategies
developed through the CEAP process.
Financial Evaluation
Framework
The Team applied the concept of business case
evaluations (BCE) to the CEAP financial evaluation
process. A BCE is an evaluation framework most
frequently used in private practice but is increasingly
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