New equipment is expensive. Boilers are no exception. There’s also never enough money to accommodate all of your facility’s needs in a given year. Your boss won’t want to spend money on a new boiler unless you can show him or her that a new boiler can have a great return on investment (ROI). With a little bit of research, you’ll be able to show your boss why buying a new boiler is the right move to make. Here are some of the major benefits that come from a new boiler.
Increased Productivity
What boss wouldn’t want increased productivity? A new boiler can better heat the production floor, making workers more comfortable. Not only does this make workers happier, it makes them more efficient. A Cornell University study even found that “cooler temperatures could increase a worker's hourly labor cost by 10 percent.” A heated work area keeps people moving and motivated to work.
Increased Safety
Boilers generate pressurized steam from liquid water. This high temperature steam can be hard to control and can be very dangerous if a problem occurs. Sometimes, the pressure relief valves and other safety features quit working on older equipment. This is why preventative maintenance is so important. Installing a new boiler also reduces the risk that something could encounter failure and cause your team to encounter downtime.
Related: Installation Tips
Less Downtime
Old boilers fail more often. Even the best preventative maintenance programs can only keep a boiler running so long. When failures and issues start becoming a regular occurrence with a boiler, it’s time to start thinking about a replacement. Factor in how much time is being spent repairing the current boiler, as well as how much productivity is lost every time the boiler is not working properly. Maintenance time can add up quickly, so be sure to mention this when you are highlighting the ROI a new boiler can provide.
Increased Property Values
Capital equipment, like boilers, can have a big impact on the cost of property. Remind your boss that upgrading equipment like boilers will make the overall property more valuable. This can be extremely beneficial if there is the possibility of selling that property in the next few years. Having a new boiler already installed makes the property much more attractive to potential buyers than an old boiler that looks like it will cause nothing but problems.
Lower Operating Costs
If you still need more reasons to convince your boss that a new boiler is worth it, show him how much money the facility will save on a monthly or yearly basis. Newer boilers are almost always more efficient than their older counterparts. More efficient boilers mean the same amount of heat output using less gas. Newer generation boilers also have sophisticated controls to optimize energy efficiency. Look at how much fuel your facility is currently using and use that to calculate how much a new boiler would cost to operate. Showing your boss the impact a new boiler can have on the energy bill is a great way to get him or her onboard.
If you really want to convince your boss that a new boiler is worth it, get all of your thoughts together and really prepare your arguments. Show how the ROI of a new boiler will come from many different areas and will impact more than the energy bill. With a little bit of number crunching, and a bit of persuasion, your facility will have a new boiler installed before you know it. Check out our offerings on boilers and installation services, and get in touch today.
