life-cycle costing

(16) Life-cycle costing The term “life-cycle costing”, with respect to a high-performance green building, means a technique of economic evaluation that— (A) sums, over a given study period, the costs of initial investment (less resale value), replacements, operations (including energy use), and maintenance and repair of an investment decision; and (B) is expressed— (i) in present value terms, in the case of a study period equivalent to the longest useful life of the building, determined by taking into consideration the typical life of such a building in the area in which the building is to be located; or (ii) in annual value terms, in the case of any other study period.

Source

42 USC § 17061(16)

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Scoping language

None identified, default scope is assumed to be the parent (subchapter III) of this section.

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