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Payback period?
Payback period (PBP) 5.
Payback period on the $15 lamps is about one year.
Payback period (PBP) is the time period needed to recover the original investment.
Payback period is shorter when the substituted conventional fuel is electricity.
This translates into a payback period of only two years.
That's a shorter payback period than any hybrid I've tested.
Today's higher premium for diesel has stretched that payback period to some five to seven years.
As a purely financial calculation, ignoring added comfort and lower emissions, the payback period is long.
And the lower the battery cost, the less sensitive the payback period is to fuel prices.
"Those are heavy costs and the payback period is really long," Mr. McVey said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com