Wednesday, January 10, 2018

Is Commercial LED Lighting Too Expensive?

commercial floodlights
Aether Energy LLC (dba Eco Electric) is a turnkey energy services company that deploys LED retrofit projects across the nation. Eco Electric wants to provide commercial building owners and operators with a realistic picture of the cost of LED lighting. When determining the return on investment (ROI) for a commercial project, it’s important to consider variables such as the local cost of energy, utility rebates, operating hours, local labor rates, the condition of existing fixtures, and other factors.

The cost of implementing an LED retrofit project should be viewed as a comparison between the upfront cost of the project/life cycle savings and the current value of energy consumption and maintenance with dated legacy fixtures. This comparison is referred to as the “Simple Payback”, which is the common and simple way to evaluate whether an LED retrofit project makes sense. However, the most significant economic benefit of LED that is often overlooked is increased property value.  

Between lower energy costs and the boost in property value, LED retrofits not only save money, they make money. Viewed holistically, LED installations are actually less expensive than keeping incandescent fixtures. If you are interested in finding out how our commercial LED lighting, such as our commercial floodlights, can help benefit your company, contact us today at 1(877) 757-7346.

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