With any investment you need to ” do the math” to see how long your return on investment will take. Lets take a company running 4 trucks 100 miles per day. The trucks average 12 mpg.
4 x 100 at 12 mpg = 33.3 gallons/day x $3.99 = $133.00 per day
$133.00 x 20 days a month = 2,660.00 month x 12 = $31,920.00 year
5 year gasoline costs = $159,600.00
CNG fueling system for same 4 trucks:
Cost of system to fuel trucks – $52,000.00
up charge for CNG trucks – $44,000.00
$96,000.00 minus $15,600.00 tax credit for fueling system = $80,400.00
CNG cost per gallon at $0.70 x 33.3 gallons/day = $23.31 per day
$23.31 x 20 days a month = $466.20 month x 12 = $5594.40 year
Total cost of Fueling system “and” CNG for 5 years = $108,372.00
5 year savings = $51,228.00
If you take out the fueling system investment the fuel savings alone are $26,325.00 per year. Also by using an alternative fueled vehicle the tax code allows 100% of the depreciation of that vehicle in the first year. The above example is based on $3.99 per gallon gasoline. Run the numbers on $5.00, $6.00 or ? gas. We do not depend on foreign sources for our supply of natural gas so the price swings are much less. We are standing on an ocean of it in western Pennsylvania. Let us show you how this can work for you.
This is great for our Children and Grandchildren
This is great for America