30,000 Sq Ft Fitness Center LED Retrofit Savings Report
| PROPERTY HIGHLIGHTS | |||||
| Property Type: | Hospitality/ Fitness | City, State: | Haverford, PA | ||
| Square Footage: | 30,000 | Lighting Savings | 88% | ||
| Current Lighting Cost (per sq. ft.) | $0.53 per year | LED Lighting Cost (per sq. ft.) | $0.07 per year | ||
| SAVINGS REPORT | |||||
| Annual | Lifetime* | ||||
| Current Lighting Electricity Cost | $15,999 | $352,511 | |||
| Projected Lighting Electricity Cost (LED) | $2,287 | $50,392 | |||
| Electricity Cost Savings with LEDs | $13,712 | $302,119 | |||
| Additional Operating Savings: | Annual | Lifetime | |||
| Bulb Replacement Costs (~5 cycles) | $682 | $9,824 | |||
| Maintenance Labor Costs (Using Average of $.05/sqft) |
$1,500 | $7,500 | |||
| Reduced Air Conditioning Load (Avg. of $.03 for every dollar saved on lighting) |
$411 | $12,341 | |||
| Total Additional Operating Savings | $2,593.72 | $29,664.58 | |||
| Total Savings with LEDs | Annual | Lifetime | |||
| $16,305 | $331,784 | ||||
| *Lifetime based on 80,000 hour lifespan and annual increase in energy costs of 3% | |||||
| COST ANALYSIS | |||||
| Cost of LED Bulbs | $16,932 | Payback in Months | 14 | ||
| Installation Costs (est. 15%) | $2,540 | Return on Investment | 84% | ||
| Total Estimated Cost | $19,472 | ||||
| Monthly Cash Flows | |||||
| FINANCING OPTIONS | Financing Cost | Savings w/LED's | Net Cash Flow | ||
| 36 Months @ | 6% | ($592) | $1,359 | $766 | |
| 60 Months @ | 6% | ($376) | $1,359 | $982 | |
| Savings Share Program | ($743) | $1,359 | $616 | ||
| (based on 65% of monthly savings) | |||||
| Monthly Net Savings w/ highest cash flow option | $982 | ||||
| BONUS INCENTIVES | |||||
| EPAct Federal Tax Deduction ($.60/sq ft) | $18,000 | ||||
| Property Value Increase (10% Cap Rate applied to reduction in operating costs) |
$163,055 | ||||
| EcoAdvantage: CO2 Emissions Reduction (lbs) (13 lbs of CO2 for every dollar of electricity saved) |
2566287.36 | ||||
| ACT NOW! | |||||
| Daily Cost of Waiting | $44.67 | ||||
| Monthly Cost of Waiting | $1,358.79 | ||||