How do you calculate the cost of a compressed air compressor?

When calculating the cost of compressed air, it’s important to look beyond the initial capital expense for the compressor. For industrial compressors — such as reciprocating, rotary vane and rotary screw air compressors — the initial purchase price is only a fraction of the total cost of ownership (TCO).

How do I calculate the cost of generating compressed air?

To manually calculate the cost of generating compressed air (in terms of electrical power consumption), follow these steps and use the following formula: Determine energy usage: Start by finding the energy consumption of your air compressor, usually provided in kilowatts (kW).

How do I calculate the energy cost of my compressor?

Use the following formula to estimate the annual energy cost of your compressor: Compressed Air Energy Cost Formula: Service Factor – This is how far above the rated horsepower a motor can operate without damaging the motor; this is located on the motor nameplate.

How do you calculate a life cycle cost of a compressor?

Life Cycle Costs = (Initial Investment) + (Lifetime Maintenance Costs) + (Lifetime Energy Costs) Each of these three factors (initial capital expenditure, maintenance costs, and operating costs) play a significant role when calculating the total life cycle cost of a new compressor.

How much does an air compressor cost over 10 years?

Over a 10-year period, these costs can represent about 76% or more of the total life cycle cost of the air compressor, with the purchase price representing only 12%. Because of this even a 5% change in operating efficiency can save you $18,500 in electrical costs over 10 years.

Should labor costs be included in air compressor operating costs?

By including labor costs in your calculation of air compressor operating costs, you’ll have a more accurate understanding of the financial implications of owning and using this essential equipment. Proper maintenance ensures the longevity and efficiency of your compressor.