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Just because a new piece of farm equipment is more energy efficient doesn't mean that replacing older equipment is a wise investment. Learn how to calculate simple payback for energy savings. Find out how quickly the returns from reduced energy costs will help the investment reach its break-even point.
Iowa State University Extension and Outreach
Agricultural and Biosystems Engineering, Crops, Energy
Agricultural Education | Bioresource and Agricultural Engineering | Oil, Gas, and Energy
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Hanna, H. Mark; Harmon, Jay D.; and Petersen, Dana, "Farm Energy: Estimating payback for energy efficiency" (2011). Agriculture and Environment Extension Publications. 33.