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LED lighting retrofits lead to reduced costs, revenue boost

LED lighting retrofits lead to reduced costs, revenue boost

By BizLED Bureau

Oct 9, 2017: If you have a shop or an office, then you can lower your electricity bill by opting for LED lighting retrofits. Replacing the conventional lights at your office with energy-efficient LEDs has emerged as one of the most cost-effective and smart ways to reduce your energy bill.

According to the US Department of Energy, LEDs are six to seven times more energy efficient as compared to traditional incandescent light and slash energy use by over 80%. In addition, modern LED lighting reduces energy consumption, and also gets rid of maintenance and labor expenses for a long period of time.

 LED system is for everyone

Whether you have a small, medium or big business house, LED system is recommended for each and every type of business. For instance, if you have a retail shop, you can highlight your product with the complete spectrum of excellent light that LED offers.

Enhanced atmosphere helps in attracting more customers, which means more sales and profit for the business. In office settings, the appropriate level of light paves the way for a brighter, more competent and well- protected workspace.

Better visibility in parking lots and garages boosts the security of personnel and property. To all intents and purposes, LED upgrades are the best way for any business to decrease power costs, advance work atmosphere and increase security.

The cost-saving aspect

Lighting is one of the most important requirements in an office setting. For instance, on the ceiling you will require rows of four-foot lighting fixtures where each fixture has four T8 fluorescent tubes. And now each of these tubes when replaced with LEDs, lead to savings of almost $11 on a yearly basis for the lifetime of the LED bulb.

READ ALSO: LED lighting best for retrofit operations

As majority of the LED lamps have lifespan between 50,000 to 100,000 hours, they can function for more than a decade with no replacement, even when running at 12 hours on a daily basis. This results in almost $110 of lifetime savings each bulb.

The main challenge that needs to overcome is better understanding of affordable LED lighting.  Apart from the fact that costs have reduced considerably over the last few years, LED tax credits, rider reductions and rebates may as well be obtainable to improve ROI.

There are a number of ways to finance the scheme outside of conventional means. A new kind of financing known as an Efficiency Services Agreement is off balance sheet and assured to be cash flow constructive. Another finance scheme, known as PACE, is paid back through real estate taxes for a period of 20 years.

 READ ALSO: How to retrofit LED lights in your existing fixtures

LED prices have decreased, their effectiveness has improved noticeably and the savings is unquestionable. Businesses that have already advanced to LEDs are benefitting from enhanced atmosphere, improved safety, more prolific employees and the contentment of saving

It is advisable to talk with an LED specialist who will take a record of your present lighting, talk about developments and concerns and put up an LED solution that paves the way for required light output. In addition, the specialist will offer thorough energy savings and ROI analyses, a number of financial alternatives and setting up of LEDs as when necessary.

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