After all the technical assessments—voltage, protocols, inertia, safety—one question remains.
"Does this retrofit make financial sense?"
Engineers often treat economics as someone else's problem. That is a mistake. The engineer who can build a credible economic model is the engineer who gets projects approved. The reason is obvious: Economics is not the only driver for retrofits, but it is almost always the first question asked.
For that, we need the tools to answer the following questions with rigor:
▪ How do we calculate simple payback and return on investment (ROI)?
▪ How can we model energy savings (the most common retrofit driver)?
▪ How to account for productivity gains, maintenance reductions, and avoided downtime?
▪ How do we handle uncertainty and risk in economic models?
▪ How can we navigate incentives, grants, and carbon accounting?
In the upcoming book: Solutions to Obsolescence, I will try to address these questions and more.









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