10,000 Sq Ft Medium Retail LED Retrofit Savings Report
| PROPERTY HIGHLIGHTS | |||||
| Property Type: | Medium Retail | City, State: | Painted Post, NY | ||
| Square Footage: | 10,000 | Lighting Savings | 68% | ||
| Current Lighting Cost (per sq. ft.) | $1.95 per year | LED Lighting Cost (per sq. ft.) | $0.63 per year | ||
| SAVINGS REPORT | |||||
| Annual | Lifetime* | ||||
| Current Lighting Electricity Cost | $19,445 | $698,216 | |||
| Projected Lighting Electricity Cost (LED) | $6,613 | $237,448 | |||
| Electricity Cost Savings with LEDs | $12,832 | $460,768 | |||
| Additional Operating Savings: | Annual | Lifetime | |||
| Bulb Replacement Costs (~5 cycles) | $115 | $2,283 | |||
| Maintenance Labor Costs (Using Average of $.05/sqft) |
$500 | $2,500 | |||
| Reduced Air Conditioning Load (Avg. of $.03 for every dollar saved on lighting) |
$385 | $11,549 | |||
| Total Additional Operating Savings | $999.52 | $16,331.41 | |||
| Total Savings with LEDs | Annual | Lifetime | |||
| $13,831 | $477,099 | ||||
| *Lifetime based on 80,000 hour lifespan and annual increase in energy costs of 3% | |||||
| COST ANALYSIS | |||||
| Cost of LED Bulbs | $13,710 | Payback in Months | 14 | ||
| Installation Costs (est. 15%) | $2,057 | Return on Investment | 88% | ||
| Installation Costs (est. 15%) | $15,767 | ||||
| Monthly Cash Flows | |||||
| FINANCING OPTIONS | Financing Cost | Savings w/LED's | Net Cash Flow | ||
| 36 Months @ | 6% | ($480) | $1,153 | $673 | |
| 60 Months @ | 6% | ($305) | $1,153 | $848 | |
| Savings Share Program | ($695) | $1,153 | $458 | ||
| (based on 65% of monthly savings) | |||||
| Monthly Net Savings w/ highest cash flow option | $848 | ||||
| BONUS INCENTIVES | |||||
| EPAct Federal Tax Deduction ($.60/sq ft) | $6,000 | ||||
| Property Value Increase (10% Cap Rate applied to reduction in operating costs) |
$138,315 | ||||
| EcoAdvantage: CO2 Emissions Reduction (lbs) (13 lbs of CO2 for every dollar of electricity saved) |
3323840 | ||||
| ACT NOW! | |||||
| Daily Cost of Waiting | $37.89 | ||||
| Monthly Cost of Waiting | $1,152.62 | ||||