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AEE Certified Energy Manager (CEM) Sample Questions:

1. A new energy-efficient boiler costs $60,890 to buy and install. The new energy-efficient boiler will save
$15,400 per year and last for 20 years. What is the internal rate of return (IRR) of the project?

A) 15%
B) 25%
C) 10%
D) 30%
E) 20%

2. Using an interest rate of 15%, an energy project has a net-present value (NPV) of $3,500. Which statement is true about the project's internal rate of return (IRR)?

A) IRR = 15%
B) IRR < 15%
C) IRR < 0%
D) IRR > 15%

3. A refrigerant-to-water heat exchanger can be added to air-conditioning equipment to heat water using the waste heat in the vapor compression refrigerant cycle. Where is this type of heat exchanger located in the refrigerant loop?

A) After the compressor, before the condenser coil
B) After the evaporator coil, before the compressor
C) After the expansion valve, before the evaporator coil
D) After the condenser coil, before the thermal expansion valve

4. In general, which of the following is the least expensive and easiest way to finance an energy project?

A) Performance contract
B) Debt
C) Equity

5. Periodic commissioning of a building automation system (BAS) might include which of the following?

A) Verify controls are still responsive to the BAS
B) Retraining staff on the BAS functions and programming
C) All of the above
D) Removing temperature set point overrides
E) Answers A and C

Solutions: