28 Nov How to Calculate Your Compressor’s True Life Cycle Cost
When looking for an air compressor, you will ideally be able to find a machine that has a reasonable up-front price, and that’s going to last a long time and need minimal repairs.
So before choosing an air compressor its crucial to estimate the true life-cycle cost of a compressor. The simplest way to do this is to apply this formula:
True Life Cycle Cost = Purchase Price + Energy Costs + Parts & Service + Additional Factors
Let’s examine each of these components in further detail to gain a more thorough understanding:
The purchase price is how much money you will pay for the air compressor. Even if this is the easiest part to figure out, it’s important to remember that the purchase price and the cost of parts and service are two factors that are closely intertwined. For example, a high purchase price can be outweighed by a strong track record of low maintenance needs and easy-to-find parts.
Parts and service
The simplest way to calculate how expensive the service and parts for your air compressor will be is to determine baseline cost. You can do this by calculating the cost of giving regular maintenance to your machine. It’s important to take into consideration how much you will be using the compressor and how this might affect your service schedule.
One of the most significant costs of having a compress air system is the energy cost. So even if an energy efficient compressor may cost more up-front, you will save money in the long-term by having a lower utility bill.
These include factors such as demand charges, load/unload cycle time, air leak losses, non-production operation, system pressure set points and individual components that can make a difference in the cost of your compressor’s operation when combined.
Why Calculating Your Compressor’s Life Cycle Cost Is Important
If you are in charge of getting the equipment for your organization, you will want to make sure to focus on compressors that will help to keep the day to day operation working smoothly. Collecting all the information you can before making a purchase is the way to ensure that your organization will be equipped with reliable equipment that will last for a long time.
Air Center: A Name You Can Trust
Air Center is an exclusive Kaeser distributor serving markets in Michigan and Ohio. Offering compressor solutions for a wide variety of professional environments.
We provide reliable products backed by strong extended warranty programs.
Contact us today to find a quality product that will provide your organization with years of reliable service.