Baseline Assessment of Cost-Effectiveness
The cost-effectiveness analysis aims to evaluate the main resources employed against the overall benefits (both monetary and non-monetary) brought by each specific project under SP3.
- Capex of the renovation works using both traditional renovation approaches and prefabricated modules.
- Consulting fees linked to the support of architects or engineers supervising the renovation works.
- Costs of financing in case of loans or other kinds of financial support different from subsidies.
- Leasing fees in case the contractor is covering upfront investment (more common for heating installations).
- Specific subsidy schemes in place depending on the national regulation.
- Additional coverage by grants in case of prefabricated approach in specific countries (e.g., Germany).
- Cost savings on energy bills.
- Improved comfort (e.g., air quality, noise, etc.).
- Increase in property value.
- Neighbourhood regeneration.
- Potential Feed-in-Tariff benefits in case of installation of local energy generation units.
This assessment highlights the balance between the costs incurred and the broad range of benefits achieved, showcasing the value of implementing energy-efficient building solutions in urban environments.