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All business owners are trying to find the next great way to save money and decrease expenses.
Converting the lighting in your shop, warehouse, office, or other workspace to LED lights is a simple and very effective way to save money. LED lights are the most efficient form of lighting available and are available in just about every type of light
fitting out there. LEDs generally use about 90% less power than their halogen and incandescent counterparts and also have a far greater lifespan. Businesses’ are a perfect candidate for LED lighting as they usually run their lights for extended periods of time most days. The more often your lights are running, the more power you will save by converting to LED. The more power you save, the more money you will save off your electricity bill and the return on your investment will be much faster.
However it is not just the fantastic savings off your electricity bill that make LED lights so beneficial. Most businesses will employ an electrician to replace faulty lights and anyone who has dealt with an electrician knows that this is an expensive exercise. Especially lights that are in awkward places and might require a scissor lift to get to. The extended life that LED lights offer will save you heaps of money by considerably reducing the amount of times you need to hire an electrician. The other fantastic benefit of converting to LED lighting, although unfortunately is not appreciated by everyone, is how much better for the environment they are.
We recently converted the external lighting of a small shopping complex over to LED. We converted 150 12w CFL bulbs (already considered to be energy efficient) to 5w LED bulbs and 10 250w metal halide car park flood lights to 100w LED flood lights. We’ve touched on the benefits of switching from fluorescent to LED in a previous post. The 12w CFL lights were running for 10 hours a day and the car park lights were running for 8 hours a day. Changing the CFLs over was as simple as swapping the bulbs to LED, the car park lights were a whole light swap and required an electrician and scissor lift to do. The savings that this shopping complex will experience are as follows.
Swapping the 150 CFLs to LED will save 7w/hour for each bulb, which is running for 10 hours a day. That means each day they are saving 70w/ bulb which is a total of 10.5kwh/day. Today’s electricity prices are about 30c/kwh, so they have just saved $1150/year by swapping those CFL bulbs over to LED. These lights will pay for themselves in under 2 years on power savings alone and have a life expectancy which should see them lasting over 10 years. Keep in mind that this was converting from already energy efficient lighting, in many cases businesses will be swapping 50w bulbs out instead of 12w bulbs which would give you four times the savings.
Swapping the 10 car park lights to LED will save 150w/hour for each light, which is running for 8 hours a day. This gives them a daily saving of 1.2kwh/light which is 12kwh/day all up. At today’s electricity prices they have just saved $1314/year by swapping their 10 car park lights to LED. This gave them a payback period of about 3 years in power savings alone, however the benefit of not needing to replace them as often was a huge saving for the owner.
As you can see converting to LED is a fantastic idea when you do the maths and work out the savings. There are also a lot of other benefits to LED lighting which were not taken into account in these calculations. LED lighting is the way to go and I would be surprised if most businesses were not converted in the near future.