LED Conversion Feasability Study
Many of you have probably wondered, “Will I save that much money switching to energy efficient lighting and is it really worth it?”
The answer is YES! Not only are there savings on your everyday energy bill, but huge savings long term by eliminating the frequency of replacing globes and maintenance. An LED lasts twice as long as a standard globe.
To better demonstrate the potential for cost savings, let us look at a light conversion assessment that Hazelect recently completed on an office building for one of our North West clients. We were asked to review the lighting on the top floor of the building and found by simply changing out 37 fluorescent light fittings, we could achieve a cost saving of $16,460 approx. This cost saving is over a period of 11.5 years approx. (including payback period), which is the expected lifetime of an average LED. The actual cost to do the conversion was $7,400 approx., which would result in a staggering 55% in savings. Ask yourself, could you do with extra cash in your pocket?
As we transition to a “throw-away” society, we all need to be aware of our responsibility to protect our environment. Converting your lighting system to more energy efficient lighting is not only beneficial to your bank balance, but also helps to:
- Reduce your environmental impact.
- Reduce carbon emissions.
- Reduce demand on natural resources.
- Reduce demand on power generation plants.
- Reduce your impact on landfill.
- Reduce your contribution of toxic fluorescent tubes disposed in landfill.
At HazElect, we are passionate about environmental conservation and saving our clients’ money. Call us today and book a free feasibility assessment on your current lighting system.
Lifetime of LED panel @ 12 hours/day & 365 days/year = 11.42 Years
Maintenance costs based on changing tubes every 21000 hours, includes tubes, starters and labour for 1 person. 10 minutes allocated/fitting. No allowance for repairs.
Calculation based on lights running 12 hours a day / 365 days a year.
Energy savings per year: $1,787.52
Project Cost: $7,425.50
Payback Period: 4.15 Years
Energy savings after payback: $12,980.00
Maintenance savings across lifetime: $3,479.95
Total savings after payback: $16,459.95
