20,000 Sq Ft School LED Retrofit Savings Report
| PROPERTY HIGHLIGHTS | |||||
| Property Type: | School | City, State: | Exton, PA | ||
| Square Footage: | 20,000 | Lighting Savings | 75% | ||
| Current Lighting Cost (per sq. ft.) | $0.85 per year | LED Lighting Cost (per sq. ft.) | $0.22 per year | ||
| SAVINGS REPORT | |||||
| Annual | Lifetime* | ||||
| Current Lighting Electricity Cost | $16,899 | $1,041,834 | |||
| Projected Lighting Electricity Cost (LED) | $4,806 | $296,269 | |||
| Electricity Cost Savings with LEDs | $12,094 | $745,565 | |||
| Additional Operating Savings: | Annual | Lifetime | |||
| Bulb Replacement Costs (~5 cycles) | $662 | $18,160 | |||
| Maintenance Labor Costs (Using Average of $.05/sqft) |
$1,000 | $5,000 | |||
| Reduced Air Conditioning Load (Avg. of $.03 for every dollar saved on lighting) |
$363 | $10,884 | |||
| Total Additional Operating Savings | $2,025.21 | $34,044.16 | |||
| Total Savings with LEDs | Annual | Lifetime | |||
| $14,119 | $779,609 | ||||
| *Lifetime based on 80,000 hour lifespan and annual increase in energy costs of 3% | |||||
| COST ANALYSIS | |||||
| Cost of LED Bulbs | $104,618 | Payback in Months | 102 | ||
| Installation Costs (est. 15%) | $15,693 | Return on Investment | 12% | ||
| Total Estimated Cost | $120,311 | ||||
| Monthly Cash Flows | |||||
| FINANCING OPTIONS | Financing Cost | Savings w/LED's | Net Cash Flow | ||
| 36 Months @ | 6% | ($3,660) | $1,177 | ($2,484) | |
| 60 Months @ | 6% | ($2,326) | $1,177 | ($1,149) | |
| Savings Share Program | ($655) | $1,177 | $521 | ||
| (based on 65% of monthly savings) | |||||
| Monthly Net Savings w/ highest cash flow option | $521 | ||||
| BONUS INCENTIVES | |||||
| EPAct Federal Tax Deduction ($.60/sq ft) | $12,000 | ||||
| Property Value Increase (10% Cap Rate applied to reduction in operating costs) |
$141,187 | ||||
| EcoAdvantage: CO2 Emissions Reduction (lbs) (13 lbs of CO2 for every dollar of electricity saved) |
4310134.4 | ||||
| ACT NOW! | |||||
| Daily Cost of Waiting | $38.68 | ||||
| Monthly Cost of Waiting | $1,176.56 | ||||