Reduced Energy and Maintenance Costs
According to studies conducted by the Energy Savings Cost Council, energy-efficient lighting upgrades represent the highest return on investment of any single-technology project, with an average ROI of 45 percent. These upgrades typically pay for themselves in under 2 years. The payback continues over the lifetime of the system (typically 5 years with LED Lighting) by reducing the energy bills and virtually eliminating maintenance costs.
Generous Government Rebates
The Ontario Power Authority currently offers significant rebates to replace current Inefficient lighting technologies with qualified energy efficient and sustainable lighting for non-residential buildings.
Improved Safety & Aesthetics
High quality lighting can improve facility safety, reduce quality incidents, improve productivity and increase occupant satisfaction. Newer technologies often have better lighting-quality characteristics, such as improved color, reduced flicker and greater light output. Safety concerns are more prevalent with exterior lighting applications; improved light levels improve security camera effectiveness, and generally deter criminal activity, providing a safer environment for your customers and employees.
Improved Performance and Productivity
A study conducted by Cornell University established that one in four workers experienced a loss in work time based on vision problems and discomfort caused by poor lighting. The analysis found improvements in the average office lighting system can result in a 3-5 percent gain in employee productivity.
Environmental Impact / Corporate Social Responsibility
The Environmental benefits of reduced energy load result in reduced demand on coal-fired, natural gas and nuclear power plants. The effect is a reduction in CO2 pollution and the conservation of precious natural resources. Furthermore, newer lighting technologies significantly outlast older devices, resulting in reduced volumes of hazardous materials. This means that fewer lamps and ballasts are being sent to landfills. In addition, lighting upgrades and other sustainability initiatives can help you keep up with investor, community and customer environmental expectations.
Research conducted by Energy Star using Quickscope, an energy analysis software tool, found that for every $1.00 invested in energy efficiency could increase asset value by as much as $3.00!