2,700 Sq Ft Small Retail LED Retrofit Savings Report
| PROPERTY HIGHLIGHTS | |||||
| Property Type: | Small Retail | City, State: | Philadelphia, PA | ||
| Square Footage: | 2,700 | Lighting Savings | 60% | ||
| Current Lighting Cost (per sq. ft.) | $2.79 per year | LED Lighting Cost (per sq. ft.) | $1.13 per year | ||
| SAVINGS REPORT | |||||
| Annual | Lifetime* | ||||
| Current Lighting Electricity Cost | $7,542 | $90,225 | |||
| Projected Lighting Electricity Cost (LED) | $3,232 | $38,668 | |||
| Electricity Cost Savings with LEDs | $4,310 | $51,557 | |||
| Additional Operating Savings: | Annual | Lifetime | |||
| Bulb Replacement Costs (~5 cycles) | $192 | $1,749 | |||
| Maintenance Labor Costs (Using Average of $.05/sqft) |
$135 | $675 | |||
| Reduced Air Conditioning Load (Avg. of $.03 for every dollar saved on lighting) |
$129 | $3,879 | |||
| Total Additional Operating Savings | $455.85 | $6,303.26 | |||
| Total Savings with LEDs | Annual | Lifetime | |||
| $4,766 | $57,861 | ||||
| *Lifetime based on 80,000 hour lifespan and annual increase in energy costs of 3% | |||||
| COST ANALYSIS | |||||
| Cost of LED Bulbs | $11,472 | Payback in Months | 33 | ||
| Installation Costs (est. 15%) | $1,721 | Return on Investment | 36% | ||
| Installation Costs (est. 15%) | $13,193 | ||||
| Monthly Cash Flows | |||||
| FINANCING OPTIONS | Financing Cost | Savings w/LED's | Net Cash Flow | ||
| 36 Months @ | 6% | ($401) | $397 | ($4) | |
| 60 Months @ | 6% | ($255) | $397 | $142 | |
| Savings Share Program | ($233) | $397 | $164 | ||
| (based on 65% of monthly savings) | |||||
| Monthly Net Savings w/ highest cash flow option | $164 | ||||
| BONUS INCENTIVES | |||||
| EPAct Federal Tax Deduction ($.60/sq ft) | $1,620 | ||||
| Property Value Increase (10% Cap Rate applied to reduction in operating costs) |
$47,658 | ||||
| EcoAdvantage: CO2 Emissions Reduction (lbs) (13 lbs of CO2 for every dollar of electricity saved) |
511,680 | ||||
| ACT NOW! | |||||
| Daily Cost of Waiting | $13.06 | ||||
| Monthly Cost of Waiting | $397.15 | ||||