LED Lighting Retrofit
1. What's the benefit of LED Retrofit?
The real economic benefits of taking on a LED lighting retrofit could not have come at a better time. All property owners have seen their assets decrease in value over the last 24 months as rents have dropped while utility rates continue to rise. For the first time in over a decade, facilities managers, asset managers and property owners are looking at cost cutting as the only way to increase their revenues. LED lighting retrofits offer a property owner significant opportunities to reduce their costs in multiple areas.
LED lighting retrofits can demonstrate quantifiable savings in power consumption, air-conditioning demand, material and labor cost for replacement, and recycling cost. Add to those savings the tax benefits of the deductibility of an operating lease or the ability to depreciate a capital lease structure (which will be explained in the example below), and one can see a payback as short as 1.78 years on fixtures that have a rated life of over 9 years. That's not to mention the benefits of "going green" including a significant carbon footprint reduction.
Retrofitting with LED's not only benefits the environment but puts money back into your enterprise creating a positive cash flow once the retrofit is complete. The reduction in energy usage, energy bills, and carbon emissions as well as the substantially increased lifespan (40,000 hours or more) means more savings to you in the long run both immediate and in a reduction of maintenance and A/C levels used to cool light. LED lights are proven to use less wattage than all current forms of fluorescent and incandescent lights and retrofitting through Klead Electrical Services ensures that the process is seamless.
We GUARANTEE you will spend less than the savings portion determined post audit, or we will pay you the difference.
BENEFITS OF AN LED RETROFIT
No upfront out of pocket expenses
Increase in Net Operating Income once retrofit is complete
Reduction in buildings carbon footprint
Reduction in A/C loads (especially during the summer as LED's run cool not hot to the touch)
Reduction in maintenance requirements due to longer life of LED's
3 year manufacturer warranty and 1 year maintenance on all items installed
Rebates and incentives for qualified entities (Federal, State and Local)
2. Economical Savings Calculation
The following example will illustrate the value of an LED retrofit:
Pre-Retrofit
An existing office stairwell houses 30 T8 fixtures (4 ft. tube lights at 32 watts Each) and these fixtures run 24/7. 30 fixtures x (4 x 32w = 128w) = 3,840watts or 3.84 kW (kilowatts). By multiplying the watts by usage hours we can determine kWh (kilowatt hours) used. 3.84 x 8760 (8,760 hours per year) = 33,638.4 kWh per year. At $0.12 per kWh the current cost to operate the stairwell is $4,036.61 per year.
Post Retrofit
A redesign with no reduction in number of fixtures will provide for 2 high power 15w LED tube lights to replace the current 4 fluorescent lights per fixture. Now each fixture uses 30 Watts as opposed to 128 watts pre-retrofit... a reduction of 98w per fixture. Using the same formula we multiply 30w x 30 fixtures and the result is 900w or .9kW x 8,760 = 7,884 kWh at $0.12 per kWh = $946.08 new cost to operate the stairwell per year... a savings of $3,090.53 annually . If you simply replaced bulb for bulb which is unlikely, your savings would still exceed 50% of previous expenses.This example assumes no reduction in fixture count and no incorporation of occupancy sensors which will further reduce the cost to operate the lighting.The math is indisputable... the technology has arrived... and the company who can implement the service is only a phone call away.We look forward to serving you.
3. Free energy efficient lighting retrofit
3.1 Clean Nova Scotia
The Cleaner, Greener, Brighter campaign is a partnership between Nova Scotia Power and Clean Nova Scotia. This year, the program is again offering small business owners and organizations across Nova Scotia a free energy efficient lighting retrofit.
The program is implemented by having trained technicians travel to businesses throughout Nova Scotia to replace incandescent light bulbs with new CFL bulbs, Exit lights with new LED bulbs, and halogen track and pot lights with new CFL bulbs in an effort to lower energy consumption. These lighting retrofits will save you money every month by lowering your lighting bill and lasting much longer than traditional incandescent bulbs. The retrofits are free and are great for the environment as well as your pocketbook. Call Clean Nova Scotia today at 902-420-7952 or 902-420-7949 to schedule your Cleaner, Greener, Brighter energy efficient lighting retrofit.
This campaign is part of Nova Scotia Power抯 commitment to helping Nova Scotians reduce their energy use ?providing financial savings for businesses and contributing to a cleaner, greener, brighter environment.
Clean Nova Scotia is a not-for-profit organization founded in 1988. Over the last 20 years the organization has evolved into an effective, high-profile institution with a broad mandate to work with individuals, government, business, and communities to improve our environment. The Energy Efficiency Lighting program is one of the many great programs that Clean Nova Scotia offers.
3.2 Light it Right in Alberta
Light it Right is a commercial incentive program aimed at those of you with a business in one of five building types encouraging you to get rid of your old wasteful and expensive lighting and replace it with a more efficient system ?with the added benefit of seeing a rebate cheque at the end for your efforts. The five building types are:
* Restaurants
* Retail
* Multi-unit Residential
* Office/Hotels; and
* Warehouse/Recreational Facilities.
By retrofitting old technology, you can potentially reduce your electricity consumption by 50 to 60% and potentially pay for your retrofit within one to five years. As well, maintenance cost savings further improve your economics simply because the technology lasts so much longer than the old stuff.
4. How to start savings today
Send us email about your building information and ask for an free quote. Or contact us for non-obligation lighting audition
5. Who will be beneficiary
Office buildings operators
Hotels, motels and lodges owners and operators
Building owners and managers
Restaurant owners
Retail stores
Warehouse and Recreational Facilities
Hotels, motels and lodges are constantly looking for ways to reduce operating costs while enhancing comfort for their guests and the aesthetics of their facilities. Because hotels often have a large number of lights that remain on 24 hours a day, lighting is a good place to start.
Building owners and managers have the opportunity to decrease energy consumption and realize cost savings by upgrading old technologies with more energy-efficient ones. Improving energy efficiency can increase tenant comfort and lower maintenance costs.
Restaurant owners and managers can decrease energy consumption and realize cost savings by replacing existing technologies with energy-efficient ones. Improving energy efficiency can improve aesthetics, increase staff and patron comfort, and lower maintenance costs.
In Retail stores lighting typically represents the largest portion of a building's electricity use. Energy-efficient lighting can create a comfortable environment that's pleasant to shop and work in, and display merchandise to its best advantage.
6. Project Financing
Energy Efficiency Financing are available in many different ways. For small size of project, you can finance through business line of credit. Third party financing are also available in some financial institutes. Klead Electrical will provide financing solution to right customer in case you have strong credit. Contact us here today to discuss your special requirement.
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