Replacing or retrofitting older lighting fixtures can substantially reduce your electric bill which can mean large annual savings in commercial buildings. Utility and Tax rebates may also reduce the upfront cost. The more hours the lights run the quicker the payback period.
Commercial lighting fixtures such as mercury vapor metal halides, fluorescent T12 lamps, and high pressure sodium lamps use high wattage and are inefficient when compared to newer lighting technologies. The government and utility companies know this and have established the rebate programs to encourage your business to reduce energy consumption.
Example For Business With Older Light Fixtures
Existing System Profile
- 4L T12 Fixtures
- Quantity 40
- Burn Hours/Year 2080
- 2L T8 Retro
- Wattage of Fixture 75
- Quantity 40
Annual Cost with existing system: $958.46
Annual Cost with Proposed System: $499.46
Annual Savings with Proposed System: $459.26
Light Fixture Upgrade Investment and ROI
Material investing in this example would be $3,498 at current market prices.
After EPAct Tax Benefit and utility rebates this investment was reduced to $1,645.80 leaving the client with a complete return on investment in 48 months and reduced annual electrical bill savings going forward.
Learn How Much You Can Save On Your Electric Bill
If you are interested in learning what kind of savings your business could enjoy – contact us today and we’ll be happy to discuss your needs and outline your investment costs,utility bill savings, and ROI. Call 919-639-6851 today or send us an email.