SMARTELEMENT™ COST SAVINGS CALCULATOR
Calculate the initial cost to purchase and install the SmartElement in all of your units:
Purchase price, 4-burner SmartElement (STE) per stove
Average install cost, per 4-burner install
Please select $0 if you plan to be trained and install the units yourself.
Total Number of Units
Select the average unit restoration cost from property damage caused by fire/sprinkler systems:
Average number of units damaged per year
Rental and other costs (i.e. moving, food subsidy) to house tenants during the restoration of the tenant's unit. Also includes loss of rental income during the restoration process:
Average monthly subsidy
Average monthly lost rent
Average # units displaced per year
Average # of months displaced
In certain jurisdictions, fire departments will charge a fee for every response that is subsequently deemed to be a false alarm. These are often referred to as "nuisance alarms" by fire officials. The STE product will help eliminate these costs.
Cost per nuisance alarm
Average number of nuisance alarms per year
The SMARTElement™ is engineered to reduce energy use (through temperature limiting control (TLC) technology™) providing an effective energy efficient upgrade to stoves.
Enter your electricity rate (per kWh)
incl. distribution costs for peak hours, which is when most cooking occurs
# of units
2
kWh per unit/mo.
49.6
Total kWh/Yr.
595.2
%STE Savings (CSA)
63%
Annual Savings kWh
374.976
Electricity Rate $/kWh
$0.00
Annual Savings/Unit
$0.00
Yearly Savings
In 1 year
Simple Payback
{ ENTER PERCENTAGE FORMULA } %
Internal Rate of Return Over 8 Years
Initial Investment:
Restoration Costs:
Relocation & Lost Rent:
Nuisance Fire Alarms:
Electricity Savings/Unit: