What does BCR stand for in energy assessments?

In energy assessments, BCR stands for "Benefit Cost Ratio." This metric is essential for evaluating the economic feasibility of energy efficiency projects or programs. The benefit-cost ratio compares the total expected benefits of a project (in monetary terms) to the total expected costs. A BCR greater than 1 indicates that the benefits outweigh the costs, suggesting that the project is a worthwhile investment. This ratio helps stakeholders make informed decisions about which energy efficiency measures to implement based on their financial viability and potential for cost savings over time. Understanding BCR is critical in energy assessments to ensure that resources are allocated effectively and that the maximization of energy efficiency and savings is achieved.