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Breaking Down the Costs: Understanding the Long-Term Savings of LED Wall Pack Lighting
While the initial costs of LED installations might seem higher compared to traditional lighting options, it's essential to recognize the long-term savings associated with this investment.
Consider this scenario: You have ten old outdoor lights consuming 125 Watts each, operating for 12 hours a day, 7 days a week. By switching to new LED Wall Pack Lights that use just 38 Watts each (costing $76.95 per unit), you will save over $450 per year while receiving the same brightness. Wondering how? Let’s find out…
First, we’ll calculate the energy savings. The annual energy consumption for the old lights amounts to 546 kWh, whereas the LED Wall Pack Lights consume only 166.08 kWh, leading to an impressive energy saving of 379.92 kWh per year.
Now, based on the current average electricity rate of $0.12 per kWh, you would save $456 per year. The estimated cost savings over 5 years would amount to $2,280, a substantial sum that demonstrates the cost of waiting to upgrade.
The payback time for this investment in LED wall pack lights is just around 1 ½ years, after which the savings become a clear benefit.
In essence, the initial investment in LED wall pack lighting might seem substantial, but when considering the long-term advantages, it's clear that the benefits far outweigh the costs. Plus, that initial investment can be offset significantly with utility rebates (available in most areas throughout the US). In fact, we have saved local businesses hundreds of thousands of dollars – with some customers paying just $1 per light for their energy efficiency upgrades.
From energy efficiency to reduced maintenance costs, LED wall packs offer a holistic solution that not only saves money but also contributes to a sustainable future. Take the first step towards building a brighter and more cost-effective tomorrow by contacting our lighting experts.
