Iowa Code 470.3 – Elements of analysis
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1. A life cycle cost analysis shall include but is not limited to the following elements:
a. Specification of energy management objectives and health, safety, and functional constraints. The facility design shall comply with applicable state or local building code requirements.
b. Identification of the energy needs of the facility and energy system alternatives to meet those needs.
c. Cost of the energy system alternatives identified in paragraph “b” of this subsection.
d. Determination of amounts and timing of cash flow.
e. Calculation of life cycle cost using an economic model such as, but not limited to, rate of return, annual equivalent cost or present equivalent cost.
f. Evaluation of design and system alternatives using a method such as, but not limited to, design matrixes, ranking tables, or network analysis.
Terms Used In Iowa Code 470.3
- Commissioner: means the state building code commissioner. See Iowa Code 470.1
- Energy system: includes but is not limited to the following equipment or measures:a. See Iowa Code 470.1
- Facility: means a building having twenty thousand square feet or more of usable floor space that is heated or cooled by a mechanical or electrical system. See Iowa Code 470.1
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Life cycle cost analysis: means an analytical technique that considers certain costs of owning, using, and operating a facility over its economic life including but not limited to the following:
a. See Iowa Code 470.1- Person: means an individual, partnership, firm, corporation, or association. See Iowa Code 462A.2
- Public agency: means a state agency, political subdivision of the state, school district, area education agency, or community college. See Iowa Code 470.1
- Rule: includes "regulation". See Iowa Code 4.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
- Use: means to operate, navigate, or employ a vessel. See Iowa Code 462A.2
2. A public agency or a person preparing a life cycle cost analysis for a public agency shall use the methodology set forth in the guidelines established, by rule, by the commissioner.