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The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...
A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost ...
Two light switches in one box. The switch on the right is a dimmer switch. The switch box is covered by a decorative plate. The first light switch employing "quick-break technology" was invented by John Henry Holmes in 1884 in the Shieldfield district of Newcastle upon Tyne. [1]
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A switch may be directly manipulated by a human as a control signal to a system, such as a computer keyboard button, or to control power flow in a circuit, such as a light switch. Automatically operated switches can be used to control the motions of machines, for example, to indicate that a garage door has reached its full open position or that ...
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CFLs are extremely cost-effective in commercial buildings when used to replace incandescent lamps. Using average U.S. commercial electricity and gas rates for 2006, a 2008 article found that replacing each 75 W incandescent lamp with a CFL resulted in yearly savings of $22 in energy usage, reduced HVAC cost, and reduced labour to change lamps.
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