A lighting retrofit is a simple way to make your building’s lighting more energy efficient. Over time, these energy savings can be significant enough to not only pay for the equipment, but may produce a return on investment. Lighting retrofits not only improve the quality of light, but also result in less heat in the building envelope reducing HVAC run times. Couple this with increased longevity of lamp life and possible utility incentives to help reduce project costs, and one can easily see the return of investments can be significant.
Rising electricity costs, environmental regulations and concerns about employee well being have businesses, consumers and government agencies looking for an energy strategy that will not only save money, but will add business value into the future. With lighting accounting for more than 25 percent of the energy used in most facilities, increased efficiency can make a big difference to your monthly energy bill.
What are the Benefits of a Retrofit?
Lighting accounts for more than 1/4 of the energy used in most buildings today. By retrofitting with the latest energy efficient lighting systems you can significantly reduce overall energy cost. Reducing energy costs is a priority for many citizens and businesses, with a lot of companies looking to switch their business gas and electricity supplier, as a way of saving hundreds on energy costs.
Reduced Energy and Maintenance Costs
By installing new energy-efficient lighting you can achieve significant savings with an average Return on Investment (ROI) of 45 percent. The initial cost of lighting upgrades can be recouped in as little as several months to to several years, with the average being around 2.2 years.
High quality lighting can improve facility safety, reduce quality incidents, improve productivity and increase occupant satisfaction. Newer technologies often have better lighting-quality characteristics, such as improved color, reduced flicker and greater light output.
Tax Incentives and Rebates
Numerous tax incentives and utility rebates are available for choosing sustainable lighting for non-residential buildings. Federal, state and local programs may provide incentives for the certified use of qualifying energy-efficient lighting technologies in both new construction and renovation applications.
Environmental Impact / Corporate Social Responsibility
By consuming less electricity, your facility can reduce its electrical load, thus reducing the demand and associated emissions from “off-site” power generation. In addition, lighting upgrades and other sustainability initiatives can help you keep up with investor, community and customer environmental expectations.