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.
Check Out Our Recent Lighting Blog!
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 […]
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.
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.
A Critical Guide to Setting Criteria goals for your LED ProjectNarrowing 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…
“We awarded our portfolio retrofit and service maintenance program to Action Services Group because of their excellent service history, pricing, experience, capabilities, and their energy-saving recommendations. After our team visited their office, we couldn’t have been more impressed with their planning and capabilities.”Global Sourcing Department - Fast Food
“I would use Action Services Group for my turn-key LED retrofits again, without a doubt.”Facility Manager - Casual Dining Restaurant and Sports Bar
“Action Services Group did an extremely professional job in retrofitting my store from fluorescent lighting to LED. I’ll be reducing my lighting energy costs by 60%, the lighting on our product is significantly better, and our customers love the difference. From the survey to the product selection to the installation they did a great job.”Store Owner - National Hardware Store
“Your project management on the 300+ national electrical rollout was flawless. Excellent communication and quality of work resulted in completing the project on time and under budget. Thank you Action Services Group!”Facility Manager - National Quick Service Restaurant
“We were challenged with the task of increasing our warehouse light levels from 70 LUX to 200 LUX. Action Service Group, provided the design, photo metrics, product, and installation, for a total turn-key project. The project exceeded our expectations, and we couldn’t be happier with the results. It is a much safer environment for our employees.”Facility Manager - Big Box Furniture Store
“Action Services Group’s unique Lighting-as-a-Service program is a great option for us. It gave us a new and simpler way to get high-quality lighting in our aisles without any upfront costs or hassle.”Preventive Maintinance - National Hardware Store
“Action Services Group is a great partner that provided a turn-key solution to my LED cooler door retrofitting projects. They are involved in all aspects of the process from providing a return on investment analysis, implementing retrofits and processing rebates.”Director of Facilities - Regional Supermarket
“The difference is stunning, both visually and financially. The fixtures make a big difference in the work environment, and we’re extremely pleased with the end result of Action Services Group’s project management capabilities and expertise.”CFO - Manufacturing Facility
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.