"Has anyone documented Cost Avoidance Or Potential energy savings using Thermography. Ex. Downtime, Labor, Materials. I would be interested in understanding how you determined final cost or energy savings."
This is the $64,000 question, how to justify the cost and benefits of an IR program. The methods used vary depending on your situation, what downtime costs in your facility, overtime and rush ordering to get new parts, lost production cost, your energy cost, etc.
I have selected several white papers that illustrate how different organizations have calculated their costs. Use them as examples of what can be done, and how they are presented. Use this link to download the files.