Jraef said:
VFDs often pay for themselves in energy savings in as little as 18 months.
I hear these kind of numbers thrown out and I cringe when I hear them, because often they are just plain not true.
VFDs can only reduce your energy cost when they reduce your energy usage. The only way this happens is if you can reduce the amount of work being done by your motor. A fairly common application is a fan. reducing the motor speed reduces the energy loss because the fan now moves less air. This is OK if you don't need as much air, or you were using a damper to create back pressure to control your air flow, which does create energy loss.
There are about 750 watts in a HP.
Forgetting the losses from just turning the motor, let us say you can reduce your energy usage by 25% (not generally realistic, but, it could happen). 25% less energy used on a 10HP motor would amount to about 13000 kw-hr of energy saved per year, if the thing ran 24/7. Most motors never run that much. Do the numbers.
Most often, when the numbers are run honestly, the payback period is way out there, except in a very few cases. That does not make a VFD a bad idea, because there are good reasons to use them for other reasons as well, just be careful of what the energy scam artists tell you.
Also, keep in mind that some customers have electrical rates that are based on peak demand and the per kw-hr charge is pretty low (like 2 cents) but the demand charge is way up there. You won't see much change in your bill if all you do is reduce your peak demand by an infinitesimally small amount.