Return on Investment
Simply multiplying the hours used by the Circuit Watts and energy costs will give us the energy used. This should be calculated for the existing scheme and the proposed replacement solution, then the amount of annual energy savings can be clearly seen. Compare this to the cost of the new solution and the payback period is calculated. In many instances this can be between 1-3 years and can be dramatically improved if lighting controls can be introduced.
Llumarlite have several case studies which demonstrate payback claims for demand side energy reduction on projects in industrial, commercial and public sector buildings. If your current system is not metered by circuit we will install data loggers to measure and prove “Before” and “After” figures.
Don’t forget that after the initial “payback period” the new lighting scheme will be paying you back. A significant revenue stream has been generated to spend elsewhere to enhance your businesses’ performance and you are no longer likely to need to carry out costly maintenance on failed control gear or depreciating lamps.
What can help finance it?
If certain performance and quality targets are met by a new luminaire installation, Enhanced Capital Allowances (“ECA”) can be claimed by your business to offset corporation tax.
If you need help with funding, the Llumarlite team can help you find this too.