Is an LED Upgrade Worth the Extra Cost? Calculate Your Returns!

How many times have you heard that upgrading to LED lighting is expensive? Ever wondered how cost-efficient would it really be if you made the switch to LED fixtures? If only there was a way to see the actual figures of how much you can save, right?

You’re probably looking for ways your business could save with the cost of just-about-everything rising these days. Will an LED retrofit or lighting upgrade really save your business money?

Absolutely, and sometimes in the tens of thousands of dollars.

Keep reading to determine the amount you’ll save in maintenance, utilities, and fees.

How do we calculate the ROI of your LED Upgrade Cost?

After calculating the energy usage from your existing fixtures, we multiply that by the rate charged on your utility bill. The cost of new fixtures and installation fees is subtracted from the estimated energy savings to get your return on investment.

You will soon see that the up-front cost of your lighting upgrade is more worth it when your energy bills are lower and your maintenance costs are reduced.

CityWay South Garage Upgrade

Check out this upgrading project we did with CityWay South Garage recently.

The project resulted in an estimated annual cost reduction of $39,609 after upgrading 240 fixtures. We also placed an extra 21 lamps and 178 sensors.

This project not only improved the quality of lighting in the carpark, it also saved the business operating, maintenance, and labor costs.

Marvel Lighting can help you calculate whether or not an LED upgrade will save your business more money in the long run and if it really is worth the extra cost. Contact Us today for a quote!