Assessing replacement of electrical systems

Replacement of electrical systems is a study of economics and risk. Factors including age, safety, reliability, efficiency, and energy costs must be weighed in conjunction with replacement costs and liability risk to formulate and prioritize upgrade plans. A comprehensive cost-benefit analysis study for each electrical subsystem will allow facilities to plan short-term and long-term expenditures for maintenance and upgrade programs for prudent facility reinvestments, replacements, and growth.