Introduction

Transitioning from traditional lighting to LED lighting can significantly reduce lighting costs in commercial and residential settings. LED (light emitting diode) lighting has become more affordable and energy efficient in recent years. Replacing outdated lighting with LEDs provides an easy way to cut energy use and expenses. This article will examine the benefits of LED retrofits and provide tips on maximizing cost savings.

LED Retrofit Basics

A lighting retrofit refers to upgrading an existing lighting system by replacing older light fixtures and bulbs. Some key advantages of LED retrofits include:

Calculating Cost Savings

Performing some simple calculations helps determine potential cost reductions from an LED retrofit. Consider the following factors:

Wattage Reduction

Operating Hours

Energy Costs

Rebates and Incentives

How to Calculate Lighting Cost Savings

Follow these steps to accurately calculate potential savings from an LED retrofit:

1. Document Existing Lighting

2. Select LED Replacements

3. Compare Wattages

4. Calculate Energy Savings

5. Total Savings and Payback Period

6. Account for Rebates and Incentives

7. Consider Maintenance Savings

Tips for Maximizing LED Retrofit Savings

Follow these tips to maximize cost reductions from an LED lighting upgrade:

Conclusion

Upgrading from inefficient lighting to LEDs can yield significant long-term reductions in energy use and costs. Following the calculations and tips outlined above allows you to accurately estimate and maximize savings from an LED retrofit project for your home or business. Smart use of lighting controls and rebates further improves return on investment. Contact your electric utility and lighting professionals to explore LED retrofit opportunities suited to your needs.