GreenWire Technologies, Inc. has included this simple ROI for your review. We hope this example will spur an inquiry from you to invite us to study then quote a new LED Lighting System at your workplace.
"The Widget Store Example"
The Widget Store has a quantity of 100, two tube, 40 watt fluorescent fixtures to be modified. These would be modified to have the fixtures remain in place, the ballast stripped out and new LED tubes installed. The Widget Store operates 12 hours a day for 350 days a year and pays a cost of 20 cents per KWH for their electricity.
Old operating cost: 100 lights X 2 tubes X 4o watts X 12 hrs X 350 days X .001 kwh X .20 cost equals $6720.00 per year. New operating cost: 100 lights X 2 tubes X 18 watts X 12 hrs X 350 days X .001 kwh X .20 cost equals $3024.00 per year.
The total savings per year in just utility cost will equal $3696.00. This is empirical data verified and guaranteed.
More savings per year will also be realized in other non empirical ways such as the ballast removal. Typically a fluorescent ballast will equate for an additional 3%-7% electricity cost on top of the stated 40 watts per tube.
More savings will be realized from the lower cost of using the Air Conditioning system in the summer. The removal of heat caused by the old lights can be estimated at 20% of the wattage of the old lighting system.
More savings will be realized by the longevity of the LED tube. Fluorescent ballasts and tubes will need to be replaced at least twice as often as a LED tube would need to be. This is very costly in high spaces such as ceilings.
More savings can be realized by dropping from a higher tier charge to a lower tier charge on your bill. The cost of electricity used here of .20 per KWH is average. Most utility companies have a structure that starts at a low rate for tier one and works up to their highest rate at tier five. The highest rate should be calculated in your ROI because the reduced lighting load will lower the Widget Store's total usage and may bring them into a lower tier. This will be explained by GreenWire in the greatest detail at the time of the audit.
When constructiing an accurate ROI for business, depreciation must also be factored. A simple example would explain that a LED with a lifespan of 5 years could be depreciated over 5 years. If your business pays a combined state and federal tax of 28-40% this will add significant payback to your ROI. Your tax advisor should consult you on this calculation.
Finally, many cities are offering rebates for LED lights. They may do this through direct lighting programs or indirect programs such as "custom total load reduction" program. These rebates often take more than 10% off the total cost.
Each and every savings will be considered in constructing your ROI. These will include calculating your ballast draw, fluorescent ballast and tube replacement frequencies, depreciation values, lower utility tiers, air conditioning reductions and rebates. Typically the ROI's come back at 1-3 years. (Check out the Excel Spreadsheet below for the "Widget Store" ROI.)
Businesses that operate 24 hours a day such as Hospitals, Casinos and Parking Garages could see paybacks in less than ONE YEAR! The longer your lights are on the faster you realize your payback.
GreenWire Technologies, Inc. warranties our LED Lighting Systems for 5 years! This insures a true and complete ROI.
GreenWire Technologies, Inc. offers to qualified customers a financing or lease agreement whereas the customer bears no out of pocket expenses. The customer will pay a lower total for the electricity and the financing combined than before the retrofit.
Pure Light, More Lumens, Less Cost, No Out of Pocket and a 5 Year Warranty! Make the call today for your free audit! Clearly, GreenWire Technologies Inc is a leader in proposing innovative but proven Energy Saving Solutions!
CLICK HERE for pictures of an office retrofit demonstrating "Triple the Light at one Third of the Cost"