10,000 Sq Ft Church LED Retrofit Savings Report
| PROPERTY HIGHLIGHTS | |||||
| Property Type: | Church | City, State: | Paoli, PA | ||
| Square Footage: | 10,000 | Lighting Savings | 88% | ||
| Current Lighting Cost (per sq. ft.) | $0.93 per year | LED Lighting Cost (per sq. ft.) | $0.11 per year | ||
| SAVINGS REPORT | |||||
| Annual | Lifetime* | ||||
| Current Lighting Electricity Cost | $9,253 | $1,839,703 | |||
| Projected Lighting Electricity Cost (LED) | $1,186 | $235,786 | |||
| Electricity Cost Savings with LEDs | $8,067 | $1,603,917 | |||
| Additional Operating Savings: | Annual | Lifetime | |||
| Bulb Replacement Costs (~5 cycles) | $254 | $12,224 | |||
| Maintenance Labor Costs (Using Average of $.05/sqft) |
$500 | $2,500 | |||
| Reduced Air Conditioning Load (Avg. of $.03 for every dollar saved on lighting) |
$242 | $7,260 | |||
| Total Additional Operating Savings | $996.42 | $21,984.30 | |||
| Total Savings with LEDs | Annual | Lifetime | |||
| $9,063 | $1,625,901 | ||||
| *Lifetime based on 80,000 hour lifespan and annual increase in energy costs of 3% | |||||
| COST ANALYSIS | |||||
| Cost of LED Bulbs | $33,437 | Payback in Months | 51 | ||
| Installation Costs (est. 15%) | $5,016 | Return on Investment | 24% | ||
| Total Estimated Cost | $38,453 | ||||
| Monthly Cash Flows | |||||
| FINANCING OPTIONS | Financing Cost | Savings w/LED's | Net Cash Flow | ||
| 36 Months @ | 6% | ($1,170) | $755 | ($415) | |
| 60 Months @ | 6% | ($743) | $755 | $12 | |
| Savings Share Program | ($437) | $755 | $318 | ||
| (based on 65% of monthly savings) | |||||
| Monthly Net Savings w/ highest cash flow option | $318 | ||||
| BONUS INCENTIVES | |||||
| EPAct Federal Tax Deduction ($.60/sq ft) | $6,000 | ||||
| Property Value Increase (10% Cap Rate applied to reduction in operating costs) |
$90,634 | ||||
| EcoAdvantage: CO2 Emissions Reduction (lbs) (13 lbs of CO2 for every dollar of electricity saved) |
5038800 | ||||
| ACT NOW! | |||||
| Daily Cost of Waiting | $24.83 | ||||
| Monthly Cost of Waiting | $755.29 | ||||