960 Sq Ft Medical Facility LED Retrofit Saving Solution
| PROPERTY HIGHLIGHTS | |||||
| Property Type: | Medical | City, State: | Rockville, MD | ||
| Square Footage: | 960 | Lighting Savings | 60% | ||
| Current Lighting Cost (per sq. ft.) | $1.92 per year | LED Lighting Cost (per sq. ft.) | $0.77 per year | ||
| SAVINGS REPORT | |||||
| Annual | Lifetime* | ||||
| Current Lighting Electricity Cost | $1,840 | $22,006 | |||
| Projected Lighting Electricity Cost (LED) | $788 | $9,431 | |||
| Electricity Cost Savings with LEDs | $1,051 | $12,575 | |||
| Additional Operating Savings: | Annual | Lifetime | |||
| Bulb Replacement Costs (~5 cycles) | $47 | $427 | |||
| Maintenance Labor Costs (Using Average of $.05/sqft) |
$48 | $240 | |||
| Reduced Air Conditioning Load (Avg. of $.03 for every dollar saved on lighting) |
$32 | $946 | |||
| Total Additional Operating Savings | $126.26 | $1,612.75 | |||
| Total Savings with LEDs | Annual | Lifetime | |||
| $1,177 | $14,188 | ||||
| *Lifetime based on 80,000 hour lifespan and annual increase in energy costs of 3% | |||||
| COST ANALYSIS | |||||
| Cost of LED Bulbs | $2,798 | Payback in Months | 33 | ||
| Installation Costs (est. 15%) | $420 | Return on Investment | 37% | ||
| Total Estimated Cost | $3,218 | ||||
| Monthly Cash Flows | |||||
| FINANCING OPTIONS | Financing Cost | Savings w/LED's | Net Cash Flow | ||
| 36 Months @ | 6% | ($98) | $98 | $0 | |
| 60 Months @ | 6% | ($62) | $98 | $36 | |
| Savings Share Program | ($57) | $98 | $41 | ||
| (based on 65% of monthly savings) | |||||
| Monthly Net Savings w/ highest cash flow option | $41 | ||||
| BONUS INCENTIVES | |||||
| EPAct Federal Tax Deduction ($.60/sq ft) | $576 | ||||
| Property Value Increase (10% Cap Rate applied to reduction in operating costs) |
$11,775 | ||||
| EcoAdvantage: CO2 Emissions Reduction (lbs) (13 lbs of CO2 for every dollar of electricity saved) |
124,800 | ||||
| ACT NOW! | |||||
| Daily Cost of Waiting | $3.23 | ||||
| Monthly Cost of Waiting | $98.12 | ||||