Recently there has been a lot of buzz regarding retrofitting existing light fixtures, energy efficient products, and cost savings through your energy bill. What do all of these things have in common? They can all be found within the LED fixtures that are being installed in every application - warehouses, manufacturing plants, refrigerated facilities, office buildings, and so many more.
While talking with our customers, we like to stress the energy savings that you will experience through LED lighting. With energy-efficient product initiatives, facilities all throughout the region are not only saving money on their energy bill but are also receiving rebates as well. Calculating your savings when switching from obsolete light fixtures to new, innovative LED fixtures is very simple.
For this project, the total lifetime of energy cost savings will be $135,000.
For this project, the time it would take you to save as much money as you initially invested or your "break-even point," would be about 16 months and your Return on Investment is 429%.
It is important to look not only at your annual savings, but your savings over a 10 year period (the projected life of an average LED running 24/7). LED lighting is truly a long term investment that will pay for itself and companies will continue to reap the benefits of the total cost of ownership!