1,710,000 Sq Ft Convienience Chain LED Retrofit Savings Report
| PROPERTY HIGHLIGHTS | |||||
| Property Type: | Convenience Chain | City, State: | East Coast, USA | ||
| Square Footage: | 1,710,000 | Lighting Savings | 60% | ||
| Current Lighting Cost (per sq. ft.) | $2.70 per year | LED Lighting Cost (per sq. ft.) | $1.09 per year | ||
| SAVINGS REPORT | |||||
| Annual | Lifetime* | ||||
| Current Lighting Electricity Cost | $4,613,717 | $55,191,442 | |||
| Projected Lighting Electricity Cost (LED) | $1,977,307 | $23,653,475 | |||
| Electricity Cost Savings with LEDs | $2,636,410 | $31,537,967 | |||
| Additional Operating Savings: | Annual | Lifetime | |||
| Bulb Replacement Costs (~5 cycles) | $117,174 | $1,070,080 | |||
| Maintenance Labor Costs (Using Average of $.05/sqft) |
$85,500 | $427,500 | |||
| Reduced Air Conditioning Load (Avg. of $.03 for every dollar saved on lighting) |
$79,092 | $2,372,769 | |||
| Total Additional Operating Savings | $281,766.05 | $3,870,348.64 | |||
| Total Savings with LEDs | Annual | Lifetime | |||
| $2,918,176 | $35,408,316 | ||||
| *Lifetime based on 80,000 hour lifespan and annual increase in energy costs of 3% | |||||
| COST ANALYSIS | |||||
| Cost of LED Bulbs | $7,017,384 | Payback in Months | 33 | ||
| Installation Costs (est. 15%) | $1,052,608 | Return on Investment | 36% | ||
| Installation Costs (est. 15%) | $8,069,992 | ||||
| Monthly Cash Flows | |||||
| FINANCING OPTIONS | Financing Cost | Savings w/LED's | Net Cash Flow | ||
| 36 Months @ | 6% | ($245,505) | $243,181 | ($2,323) | |
| 60 Months @ | 6% | ($156,016) | $243,181 | $87,166 | |
| Savings Share Program | ($142,806) | $243,181 | $100,376 | ||
| (based on 65% of monthly savings) | |||||
| Monthly Net Savings w/ highest cash flow option | $100,376 | ||||
| BONUS INCENTIVES | |||||
| EPAct Federal Tax Deduction ($.60/sq ft) | $1,026,000 | ||||
| Property Value Increase (10% Cap Rate applied to reduction in operating costs) |
$29,181,756 | ||||
| EcoAdvantage: CO2 Emissions Reduction (lbs) (13 lbs of CO2 for every dollar of electricity saved) |
312,998,400 | ||||
| ACT NOW! | |||||
| Daily Cost of Waiting | $7,995.00 | ||||
| Monthly Cost of Waiting | $243,181.30 | ||||