Your LED Retrofit Financial Analysis Tool

LED Retrofit Financial Analysis Tool

The Office of Energy Efficiency & Renewable Energy working in conjunction with the DOE Municipal Solid-State Street Lighting Consortium, the Clinton Climate Initiative (CCI)/C40, the Federal Energy Management Program (FEMP), and DOE Better Buildings, created a Street and Parking Facility Retrofit Financial Analysis Tool. As an example, this tool provides an avenue for analysis of the costs and benefits associated with street and parking facility lighting efficiency projects. Conversely, the tool utilizes life-cycle cost (LCC) analysis, tracks price, and benefit throughout a specific period. Meanwhile discounting future cash flows to present value, using a user-specified discount rate. In short, the use of such discounting captures the time value of money.

  • Capital costs, net of rebates (including discounted capital costs, if a project’s implementation is to occur over multiple years)
  • Present benefits of annual electricity costs for both base and retrofit cases
  • Current values of yearly maintenance costs for both base and retrofit cases.

Subsequently, the tool also provides (among other outputs) a standard non-discounted financial metric. Likewise, simple payback (the number of years required for savings to offset initial outlays), as well as the internal rate of return (IRR). In other words, the discount rate at which the NPV is zero.

Other outputs reported include:

  • Annual energy and energy cost savings
  • Annual greenhouse gas reductions
  • Up to 15 years of yearly detailed cash flow data
  • Average annualized energy and maintenance savings per fixture.

In conclusion, the above information and the below analytics tools were provided by  www.energy.gov.

LED Retrofit Financial Analysis Tools

LED Retrofit Financial Analysis Tool

LED Retrofit Financial Analysis Tool

Download Now

Financial Analysis Tool with Sample Data

Financial Analysis Tool with Sample Data

Download Now

Check Out Our Recent Lighting Blog!

Parking Lot and Area Lighting, Where Illumination Makes a Difference

As business owners and facility managers, it is one of your jobs to make sure your customers and staff are safe while shopping, eating, or […]

Read More

LED Parking Lot Retrofit - Video

A Before and After Comparison of a LED Parking Lot Retrofit

Most importantly, the customer reduced their energy consumption by more than 60% and had a 20-month ROI.

Firstly, Action Services Group provided a full turn-key LED lighting retrofit solution. Secondly, we helped select the right product to meet the customers priorities for a successful retrofit.

LAstly, call 800-223-0982 or email info@actionservicesgroup.com to discuss your Turn-Key LED Retrofit options.

Other LED Parking Lot Retrofit Resources

To summarize, once you wrap your mind around the actual cost savings. In short, your organization will benefit from when you retrofit your parking lot lighting to LED. Lastly, you are going to want to move on to the next step. Meanwhile, here are a few other resources you are going to want to review.

An In-depth Look at LED Retrofits

An In-depth Look at Parking Lot and Area Lighting

Lighting and LED Product Education 

Buying LED: A Buyers Guide to Understanding LED Lighting Specs

A Before and After Comparison of an LED Parking Lot Retrofit – Video

Action Services Group Service Offerings

Lighting

Lighting

Learn More

LED Retrofit

LED Retrofit

Learn More

Electrical

Electrical

Learn More

Signage

Signage

Learn More

A Critical Guide to Setting Criteria goals for your LED Project

Narrowing down the best LED solution for your organization can be a challenge. The LED Industry has thousands of lighting options, and not all of them offer the same results. Without knowing product specifics, you might select an LED lamp that provides optimal performance but does nothing for energy efficacy. That is why prioritizing your LED goals should be your first step in any LED Retrofit project. No matter what…

Download Now

Testimonial

Join Our Community

Thousands of business professionals rely on Action Services Group for the latest in Lighting, Electrical, and Signage news. Add yourself to our community and receive timely updates on safety, new products, energy savings, rebates, and so much more. You can select what information you would like to receive.