The ROI of Upgrading to LED Lighting in a Franchise Business
As a franchise owner, your primary goal is to maximize profits and minimize costs. One way to do this is by upgrading your franchise locations to LED lighting. LED lighting has several financial benefits, including cost savings on energy bills, reduced maintenance costs, and longer-lasting fixtures. And the cost of upgrading to LED lighting can be substantially lower than you might expect, thanks to utility incentive programs.
Lower Your Locations' Energy Bills
One of the biggest advantages of LED lighting is its energy efficiency. LED lights use significantly less energy than traditional lighting, which translates to lower energy bills for franchise owners. According to the U.S. Department of Energy, LED lights consume 75% less energy than incandescent, halogen, or metal halide lighting and 50% less energy than fluorescent lighting. This means that franchise owners can save a substantial amount of money on their energy bills by switching to LED lighting.
Reduce Your Locations' Maintenance Costs
Another benefit of LED lighting is that it requires less maintenance than traditional lighting. LED lights have a much longer operating life and are more durable, which means they need to be replaced less often. This translates to reduced maintenance costs for franchise owners, as they do not need to spend as much money on re-lamping. The long operating life of LED lighting also means less disruption to business operations.
Take Advantage of Utility Incentives
To encourage businesses to move to more efficient lighting, many utility providers have established incentive programs that offset the upfront costs of upgrading to LED lighting. These incentives can be quite significant. They can also be difficult to understand if you are not familiar with utility incentive programs.
ELEDLights works with utility-provided incentive programs on a regular basis. We've helped many customers, including our franchise customers, access these money-saving incentives to reduce the cost, often significantly, of their lighting upgrade.
When incentives are available, ELEDLights is often able to apply them as an instant credit on your lighting order, so that you're never out of pocket for the full cost of the lights.
You can get an idea of what rebates may be available to your locations by browsing our rebate-eligible lighting. Choose any light from that collection, click on the Find Instant Rebates link on the light's product page, and enter the location zip code and utility provider. You'll get an immediate estimate of the amount available to you, if that utility provider has a program.
ELEDLights: A Lighting Company Focused on Franchises
Franchise owners looking to upgrade their lighting to LED can benefit from ELEDLights, the only lighting company with a focus on lighting for franchises. We offer a range of services that can help franchises save money on their lighting upgrades and rebrands, including:
ELEDLights' lighting design services, such as photometric layouts, are offered free to customers who source their lights through us. Photometric layouts help franchise owners visualize the best type and placement of LED lighting in their franchise locations. These layouts can also simplify the installation process for your contractor, saving time and money on that part of the project as well.
When needed, ELEDLights can also produce concept designs and 3D renderings, so that you can begin your lighting upgrade with confidence in the outcome.
Spec Package Matching
ELEDLights also helps franchise owners with spec package matching and value-engineered lighting alternatives. This service ensures that the LED lighting fixtures used in the franchise locations are consistent with the franchise's brand and specification.
Upgrading to LED lighting can have a significant impact on a franchise business's bottom line. Franchise owners can save money on their energy bills, reduce maintenance costs, and enjoy longer-lasting fixtures when they do so. And, with the help of ELEDLights, franchise owners can leverage utility rebate incentives, get photometric layouts, ensure consistent spec packages, and create lighting plans that save money on new store design and lower FDD new franchise location costs.
With ELEDLights, franchise owners can achieve a higher ROI on their lighting upgrades and make their franchise locations look amazing for less.
Contact our experienced franchise lighting team at 215-355-1200 to see how much your location(s) could save with a lighting upgrade, or visit our Franchise Lighting page to learn more about our lighting and services for franchise businesses.