Every improvement or innovation, whatever it is designed to do should be considered from the perspective of a cost benefit analysis.
And that boils down to what is the payback, which is how long will it take you to recover the money you spent.
And this depends on the time value of money, but a good rule of thumb is three years.
If f you pay five dollars for an LED light bulb instead of one dollar for an incandescent bulb, will you recover the extra four dollars in reduced energy cost in three years?
To complicate the issue because it’s not that simple, you have to consider the reduce cooling cost and the increased heating cost if using the LED bulb.
I have a bathroom fixture over the mirror that holds eight 50 W halogen bulbs.
You can feel the heat when you turn them on.
I noticed LED bulbs that use 9 W each and bought them.
When winter rolls around, I install the halogen bulbs rest of the year I use the LED.
I see you’ve got the old single pane glass windows and decide you want to put in the latest and greatest windows on the market.
You already have functional windows installed how much will it cost to replace them and what is the pay back?
That will determine whether or not it is the proper economic decision. If it just makes you feel better emotionally to have them or if the difference and how it feels inside the house matters and you have the money then do it.
Now, the above example is different from a situation, where for whatever reason this window must to be replaced because it was destroyed or you’re building a new house then the only cost consideration is the marginal cost between option A and option B.
Now, if you’re wanting to save money on energy, the first thing to do is reduce your thermostat setting in the winter and raise it in the summer. The rule of thumb is that a 3° change will cut your heating or cooling bill by 10%.
The problem is that when the government mandates, and keep in mind that every government mandate is done so under pain of death, economics is not even considered and money is wasted.
Then comes a time that we wonder how I got this way.
Well folks in one way, or the other, we’ve all had our hand in the pot.
We’ve been selecting the leader, who would give us the most or do things the way we wanted them done or at least convinced us that’s what they were going to do.
So this green new deal is not surprising as we march toward the government’s total control over the population.
Jeremiah 5:31
“The prophets prophesy falsely, and the priests bear rule by their means; and my people love to have it so: and what will ye do in the end thereof?”
When a nation, and a nation is made up of individuals, so this starts with each of us, decides they are not gonna follow God‘s Law, eventually, they are judged.
Habakkuk 1:4
“Therefore the law is slacked, and judgment doth never go forth: for the wicked doth compass about the righteous; therefore wrong judgment proceedeth“
Every improvement or innovation, whatever it is designed to do should be considered from the perspective of a cost benefit analysis.
And that boils down to what is the payback, which is how long will it take you to recover the money you spent.
And this depends on the time value of money, but a good rule of thumb is three years.
If f you pay five dollars for an LED light bulb instead of one dollar for an incandescent bulb, will you recover the extra four dollars in reduced energy cost in three years?
To complicate the issue because it’s not that simple, you have to consider the reduce cooling cost and the increased heating cost if using the LED bulb.
I have a bathroom fixture over the mirror that holds eight 50 W halogen bulbs.
You can feel the heat when you turn them on.
I noticed LED bulbs that use 9 W each and bought them.
When winter rolls around, I install the halogen bulbs rest of the year I use the LED.
I see you’ve got the old single pane glass windows and decide you want to put in the latest and greatest windows on the market.
You already have functional windows installed how much will it cost to replace them and what is the pay back?
That will determine whether or not it is the proper economic decision. If it just makes you feel better emotionally to have them or if the difference and how it feels inside the house matters and you have the money then do it.
Now, the above example is different from a situation, where for whatever reason this window must to be replaced because it was destroyed or you’re building a new house then the only cost consideration is the marginal cost between option A and option B.
Now, if you’re wanting to save money on energy, the first thing to do is reduce your thermostat setting in the winter and raise it in the summer. The rule of thumb is that a 3° change will cut your heating or cooling bill by 10%.
The problem is that when the government mandates, and keep in mind that every government mandate is done so under pain of death, economics is not even considered and money is wasted.
Then comes a time that we wonder how I got this way.
Well folks in one way, or the other, we’ve all had our hand in the pot.
We’ve been selecting the leader, who would give us the most or do things the way we wanted them done or at least convinced us that’s what they were going to do.
So this green new deal is not surprising as we march toward the government’s total control over the population.
Jeremiah 5:31
“The prophets prophesy falsely, and the priests bear rule by their means; and my people love to have it so: and what will ye do in the end thereof?”
When a nation, and a nation is made up of individuals, so this starts with each of us, decides they are not gonna follow God‘s Law, eventually, they are judged.
Habakkuk 1:4
“Therefore the law is slacked, and judgment doth never go forth: for the wicked doth compass about the righteous; therefore wrong judgment proceedeth“
When I was at MBA school, cost benefit analysis was central, fundamental. These people NEVER do it, and if forced they lie