The purchase price is one part of a pumping system’s cost. A useful comparison considers its entire life cycle.
Gather Life Cycle Costs
Define a common assessment period and record anticipated installation, energy, maintenance and spare parts costs.
- Initial investment and installation.
- Energy consumption and operating hours.
- Maintenance and spare parts availability.
Assess Availability and Return
Include the impact of downtime on your process. Compare options under the same conditions to support an informed decision.