LED lighting is one of those things that lots of businesses have been eyeing, but which can cause sticker shock when the cost of a new system is laid out. And pretty much every business who looks at an LED evaluation is thinking the same thing; is it really going to save me energy costs, or am I just tossing my money out the window?
Well the answer is fairly simple; yes, LED lighting saves you money. In a real, concrete way that will eventually cover its own costs, pay for itself, and help you be more energy efficient while reducing your carbon footprint and protecting the environment.
The Numbers Don't Lie
LED lights use a fraction of the energy that traditional incandescent light bulbs do. However, they also use less electricity even than fluorescent lights, which are often used by businesses specifically for their efficiency and low costs.
According to the numbers offered by the Scientific World Journal, LED lights are the clear solution. If a business replaces a 36 watt T8 fluorescent lamp with a 20 watt LED, that single swap represents roughly $288 in savings over a period of 5 years of regular operation.
That's for a single lamp, which was already more efficient than many other fixtures. If that savings is extended to every fluorescent lamp in a given facility, then those savings quickly add up.
Not only that, but after the initial 5-year period, these lights continue to be more efficient to operate, giving facilities that use them a permanent reduction in overhead costs. Especially when the life of LED bulbs is taken into account, since they will outlast more conventional bulbs and tubes which will have to be replaced at extra cost.
According to Data Center Dynamics, LED lighting can reduce the amount of power used in a data center facility by between 40 and 60 percent. And all the studies regarding LED retrofits bear those numbers out.
The Longer You Wait, The More Expensive It Will Be
A lot of businesses will see the up-front cost of an LED retrofit, and they'll try to stagger it out. They'll replace one lamp this month, and another one next month, and then in a few year's time the whole place will have been fully converted.
The problem is that this strategy is like if you realized you were bleeding, but you only wanted to put in a couple of stitches at a time. Because while it's true that you'll close up the wound eventually, the sheer amount of blood you'll have lost while you went the slow route makes it several times more wasteful than just gritting your teeth and getting it all done at once.
Because yes, it's true that the one-time upgrade cost can make your budget sting a little bit. However, as the numbers show, the savings can quickly balance out that initial cost. But the longer you take to finish the upgrade, the more energy inefficiency you're paying for.
So while it might feel like you're saving money, you're actually spending more for the simple reason that you're letting your energy bills continue to bleed instead of stitching them up. This will extend the amount of time your upgrades take to cover their initial costs, and it can make the whole project that much costlier.
If you're going to upgrade your facility's lighting, whether it's a warehouse, a data center, a retail store, restaurant or a manufacturing location, LED lighting is the smartest, most efficient choice. For more information about an LED lighting upgrade, and what it can do for your business's overhead, simply contact us today!