Economic & Statistical Analysis

Addressing Uncertainty

With experience in financial analysis and statistics, HECS can help you establish robust cost metrics and economic analysis procedures for your project, analyze uncertainty in energy savings and cost, and identify methods for quantifying and mitigating risks associated with energy efficiency investments. Economic analysis can be one of the most challenging aspects of energy research, especially for hypothetical studies involving new technologies or deployment programs where price quotes cannot be readily obtained. But HECS has conducted cost and uncertainty analysis for a wide range of research activities, and can provide the assistance you need to properly assess economic considerations for your project.

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