50,000 Sq Ft Manufacturing LED Retrofit Savings Report
| PROPERTY HIGHLIGHTS | |||||
| Property Type: | Manufacturing | City, State: | Hatfield, PA | ||
| Square Footage: | 50,000 | Lighting Savings | 75% | ||
| Current Lighting Cost (per sq. ft.) | $0.44 per year | LED Lighting Cost (per sq. ft.) | $0.11 per year | ||
| SAVINGS REPORT | |||||
| Annual | Lifetime* | ||||
| Current Lighting Electricity Cost | $22,114 | $2,198,975 | |||
| Projected Lighting Electricity Cost (LED) | $6,375 | $633,898 | |||
| Electricity Cost Savings with LEDs | $15,740 | $1,565,077 | |||
| Additional Operating Savings: | Annual | Lifetime | |||
| Bulb Replacement Costs (~5 cycles) | $615 | $21,616 | |||
| Maintenance Labor Costs (Using Average of $.05/sqft) |
$2,500 | $12,500 | |||
| Reduced Air Conditioning Load (Avg. of $.03 for every dollar saved on lighting) |
$472 | $14,166 | |||
| Total Additional Operating Savings | $3,586.88 | $48,281.56 | |||
| Total Savings with LEDs | Annual | Lifetime | |||
| $19,326 | $1,613,359 | ||||
| *Lifetime based on 80,000 hour lifespan and annual increase in energy costs of 3% | |||||
| COST ANALYSIS | |||||
| Cost of LED Bulbs | $139,081 | Payback in Months | 99 | ||
| Installation Costs (est. 15%) | $20,862 | Return on Investment | 12% | ||
| Installation Costs (est. 15%) | $159,943 | ||||
| Monthly Cash Flows | |||||
| FINANCING OPTIONS | Financing Cost | Savings w/LED's | Net Cash Flow | ||
| 36 Months @ | 6% | ($4,866) | $1,611 | ($3,255) | |
| 60 Months @ | 6% | ($3,092) | $1,611 | ($1,482) | |
| Savings Share Program | ($853) | $1,611 | $758 | ||
| (based on 65% of monthly savings) | |||||
| Monthly Net Savings w/ highest cash flow option | $758 | ||||
| BONUS INCENTIVES | |||||
| EPAct Federal Tax Deduction ($.60/sq ft) | $30,000 | ||||
| Property Value Increase (10% Cap Rate applied to reduction in operating costs) |
$193,264 | ||||
| EcoAdvantage: CO2 Emissions Reduction (lbs) (13 lbs of CO2 for every dollar of electricity saved) |
7,195,344 | ||||
| ACT NOW! | |||||
| Daily Cost of Waiting | $52.95 | ||||
| Monthly Cost of Waiting | $1,610.53 | ||||