Your Downloadable LED Retrofit Financial Analysis Tool
LED Retrofit Financial Analysis Tool
The Office of Energy Efficiency & Renewable Energy working in conjunction with the DOE Municipal Solid-State Street Lighting Consortium, the Clinton Climate Initiative (CCI)/C40, the Federal Energy Management Program (FEMP), and DOE Better Buildings, created a Street and Parking Facility Retrofit Financial Analysis Tool. As an example, this tool provides an avenue for analysis of the costs and benefits associated with street and parking facility lighting efficiency projects. Conversely, the tool utilizes life-cycle cost (LCC) analysis, tracks price, and benefit throughout a specific period. Meanwhile discounting future cash flows to present value, using a user-specified discount rate. In short, the use of such discounting captures the time value of money.
- Capital costs, net of rebates (including discounted capital costs, if a project’s implementation is to occur over multiple years)
- Present benefits of annual electricity costs for both base and retrofit cases
- Current values of yearly maintenance costs for both base and retrofit cases.
Subsequently, the tool also provides (among other outputs) a standard non-discounted financial metric. Likewise, simple payback (the number of years required for savings to offset initial outlays), as well as the internal rate of return (IRR). In other words, the discount rate at which the NPV is zero.
Other outputs reported include:
- Annual energy and energy cost savings
- Annual greenhouse gas reductions
- Up to 15 years of yearly detailed cash flow data
- Average annualized energy and maintenance savings per fixture.
The above information and the below analytics tools were provided by www.energy.gov.
LED Retrofit Financial Analysis Tool
Financial Analysis Tool with Sample Data
A Few More LED Lighting Resources to Review
LED Retrofit Education
When narrowing down the best solution for your organization, you will find it to be a challenging endeavor. Because of the thousands of lighting options available in the LED Industry, not all of them offer the same results. With this in mind, we have created an in-depth look at LED retrofits that covers things like;
- What is a turn-key commercial LED retrofit?
- Examples of commercial LED retrofit goals.
- LED lighting Performance
- Commercial applications
- LED energy savings
- LED maintenance Savings
- And so much more!
Read more about LED retrofits here!
Buying LED – A Buyers Guide to Understanding LED Lighting Specs
As anyone who has ever gone through the process of retrofitting or upgrading to LED lighting can tell you, the process can be time-consuming, and the research can give you nightmares. Understanding LED terminology and specs can leave even knowledgeable individuals wanting to rip their hair out. We hear from people all the time, wishing to retrofit to LED’s because they understand the importance of making the switch but are hesitant to start the buying process due to the multitudes of products available and not being able to differentiate between specs.
In this article, we’ll help you sort through the most common specs and provide you a light at the end of the LED buying tunnel.
Advantages of a Turn-Key LED Lighting Solutions
When people talk about a turnkey lighting solution, what they are talking about is a complex business practice. It is an attitude that influences not only the sale of an LED lighting or retrofit services but its prevailing culture and its approach to the customer experience. It helps shape the company behind it.
In this e-book, we will review what should be included in a turn-key LED retrofit package. It should include an understanding of the customers’ goals, help in selecting the right product, rebate management, and much more
Action Services Group Services
Action Services Group Solutions
Blogs You Might Be Interested In
4 Reasons Decision Makers Like to Partner with Action Services Group for a Turn Key Lighting Retrofit
LED lighting is taking over the lighting industry and beating out other lighting alternatives like incandescent and fluorescent. LED’s technology makes it suitable for businesses of all industries because of its customizable options and advancements in energy...
LED Upgrades for Greenhouses – Five Tips to Major Savings!
Greenhouses are making the switch to LEDs and many types of crops are thriving under energy-efficient lighting. However, sometimes growers’ first choice is to go with a hybrid solution. When you are upgrading greenhouse lights to LED fixtures, it’s typically for...
Corporate Net-Zero: Where to Start, First Steps, and Microgrids
The number of net-zero corporate pledges is continuing to rise, and companies are focusing on how they can meet these goals. Pressure from investors is one of the reasons corporations are paying more attention to their carbon footprint. Some investors are threatening...
News You Might Be Interested In
Backup Power Systems Can Improve Hurricane Relief
In September, Hurricane Ian made its way through the islands and the south knocking out power to millions of Americans and leaving their homes severely damaged. Florida, Alabama, Louisiana, Mississippi, and Texas all boarder the Gulf of Mexico and typically get the...
Dark Streets Can Lead to Dangerous Scenarios
Since school is back in session and daylight savings time is closing in, keeping properly working streetlights is of the utmost importance for the safety of communities. In Springfield, Mass., the city leaders are working to come up with a plan to fix their...
Investing in LED Lighting Pays Off Long Term
LED lamps have been gaining more popularity between them and the alternatives. Some of the more popular alternative bulbs include incandescent, fluorescent, CFL and many more. There are many clear differences between each lightbulb from how they’re made to the cost....
Join Our Community
Thousands of business professionals rely on Action Services Group for the latest in Lighting,
Signage, and Electrical news. Add yourself to our community and receive timely updates on
safety, new products, energy savings, rebates, and so much more.
You can select what information you would like to receive.