(a) "Renovation" means as defined by W.S. 9-2Computation of life-cycle costs. Life-cycle costs shall be the sum of: (i) Initial cost; (ii) The reasonably expected fuel costs over the life of the building based on the energy consumption analysis; and (iii) The reasonable costs of maintenance and operation as they pertain to energy systems. (b) Life-cycle costs shall be computed for two (2) or more alternatives for construction of the facility.