Home > Term: Payback
Payback
Payback, or the payback period, is the time it takes for savings (often, in this context, in energy bills) to overtake the initial capital outlay on installation of an energy-saving device or system.
- Part of Speech: noun
- Industry/Domain: Natural environment
- Category: Climate change
- Company: BBC
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- Harry8L
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(London, United Kingdom)