Payback

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Payback

The length of time it takes to recover the initial cost of a project, without regard to the time value of money.

Payback

The length of time until an investment makes an amount of money equal to the original amount invested. It does not account for the time value of money. That is, the payback period differs from the break-even time, which accounts for inflation, interest, and so forth.
References in periodicals archive ?
Energy conservation can also include upgrading chillers, motors and air conditioners, which typically have payback periods of less than three years.
Volume Two concentrates on one hundred users' case studies, paybacks and the lessons learnt.
Utility rebate programs also offer paybacks for the replacement of old motors with newer energy saving equipment.
To explore this theme, GUS 2003 featured user presentations that highlighted how G2-based solutions are achieving paybacks, or will be achieving paybacks after deployment.
The lighting and water conservation improvements, offering paybacks at most developments in less than four years, will help to pay for the measures with longer paybacks, including the boiler replacements.