30% of the average utility bill can be attributed to lighting and heat offset. Additionally, LED solutions consume an average of 50–70% less than traditional light sources. Evaluating the potential utility savings using traditional financial metrics, such as payback period and return on investment (ROI), shows that upgrading to LED is one of the smartest and most lucrative ways to invest in your company. By lowering your monthly expense, you can increase net operating income and the real cash value of your portfolio.
In addition to these benefits, investing in a lighting upgrade can also yield substantial maintenance and air conditioning savings, as well as avoid recycle fees and monthly maintenance contracts. If this wasn’t enough to help you seriously evaluate the economic advantage of energy efficient lighting, many utilities also offer rebates which help pay for a considerable amount of the project cost. Payments from the utility can also be deferred to Lighting Unlimited so that you only have to pay the difference out of pocket. You may also qualify for an additional federal tax incentive.
Still not convinced? Allow one of our lighting experts to run a free analysis of your building to identify areas of potential savings, run an in-depth financial analysis of your project, and even install demo products so that you can “try before you buy.” Remember: there is a cost to waiting. Every day that you keep inefficient fixtures running puts more money in the utility’s pocket, and takes it out of yours. To request a consultation, please call us at (843) 555-5555.
The True Cost of Lighting
1. The cost of lamps (bulbs) you use – 3%
2. The cost of electricity it takes to light those lamps – 88%
3. The costs of maintenance and labor – 8%
4. The cost to recycle used lamps – 1%Initial cost is the biggest barrier to most lighting retrofits.
However, once you account for the real cost of ownership, the only significant barrier is where to procure the funds, not whether to invest.