Return on Your Power Factor Correction Investment
Implementing Power Factor Correction (PFC) can be a significant investment for your company, but it often yields substantial returns. Here are some ways your company could realize a significant ROI:
- Energy Cost Savings:
- Reduced electricity consumption: By improving power factor, you can reduce the reactive power component of your load, leading to lower overall energy consumption.
- Lower energy bills: Reduced consumption directly translates to lower electricity costs.
- Peak Demand Reduction:
- Lower demand charges: Many utilities charge peak demand fees. By improving power factor, you can reduce your peak demand, resulting in lower demand charges.
- Improved Equipment Efficiency:
- Reduced equipment stress: A higher power factor can reduce the stress on your electrical equipment, leading to longer equipment life and fewer repairs.
- Improved performance: Equipment operating at a higher power factor often performs more efficiently.
- Enhanced Power Quality:
- Reduced harmonics: Higher power factor can reduce harmonics, which can improve the overall power quality and protect sensitive equipment.
- Utility Incentives:
- Rebates and credits: Some utilities offer rebates or credits for implementing power factor correction. Be sure to check with your local utility for any available incentives.
- Increased Asset Value:
- Improved property value: A facility with a high power factor can be more attractive to potential buyers or tenants, potentially increasing its value.
- Environmental Benefits:
- Reduced carbon footprint: By reducing energy consumption, you can also reduce your carbon footprint and contribute to a more sustainable environment.
To maximize your ROI, it’s essential to:
- Conduct a thorough energy audit with Energy Efficiency Group: This will help you identify areas where power factor correction can have the greatest impact.
- Have a custom-built PFC system developed specifically for your facility needs, NOT something “off the shelf.”.
- Properly install and maintain the equipment.
By following these strategies, you can effectively recoup your investment in power factor correction and enjoy the long-term benefits of improved energy efficiency and reduced costs.
Contact Energy Efficiency Group today to schedule a complimentary/no-obligation Energy Audit.
