44,000 Sq Ft Mid Size Retail LED Retrofit Savings Report
| PROPERTY HIGHLIGHTS | |||||
| Property Type: | Medium Retail | City, State: | Philadelphia, PA | ||
| Square Footage: | 44,000 | Lighting Savings | 75% | ||
| Current Lighting Cost (per sq. ft.) | $1.14 per year | LED Lighting Cost (per sq. ft.) | $0.31 per year | ||
| SAVINGS REPORT | |||||
| Annual | Lifetime* | ||||
| Current Lighting Electricity Cost | $49,932 | $856,538 | |||
| Projected Lighting Electricity Cost (LED) | $13,403 | $229,913 | |||
| Electricity Cost Savings with LEDs | $36,529 | $626,625 | |||
| Additional Operating Savings: | Annual | Lifetime | |||
| Bulb Replacement Costs (~5 cycles) | $1,419 | $17,067 | |||
| Maintenance Labor Costs (Using Average of $.05/sqft) |
$2,200 | $11,000 | |||
| Reduced Air Conditioning Load (Avg. of $.03 for every dollar saved on lighting) |
$1,096 | $32,876 | |||
| Total Additional Operating Savings | $4,715.35 | $60,942.95 | |||
| Total Savings with LEDs | Annual | Lifetime | |||
| $41,245 | $687,568 | ||||
| *Lifetime based on 80,000 hour lifespan and annual increase in energy costs of 3% | |||||
| COST ANALYSIS | |||||
| Cost of LED Bulbs | $60,960 | Payback in Months | 20 | ||
| Installation Costs (est. 15%) | $9,144 | Return on Investment | 59% | ||
| Installation Costs (est. 15%) | $70,104 | ||||
| Monthly Cash Flows | |||||
| FINANCING OPTIONS | Financing Cost | Savings w/LED's | Net Cash Flow | ||
| 36 Months @ | 6% | ($2,133) | $3,437 | $1,304 | |
| 60 Months @ | 6% | ($1,355) | $3,437 | $2,082 | |
| Monthly Net Savings w/ highest cash flow option | $2,082 | ||||
| BONUS INCENTIVES | |||||
| EPAct Federal Tax Deduction ($.60/sq ft) | $26,400 | ||||
| Property Value Increase (10% Cap Rate applied to reduction in operating costs) |
$412,445 | ||||
| EcoAdvantage: CO2 Emissions Reduction (lbs) (13 lbs of CO2 for every dollar of electricity saved) |
5,709,600 | ||||
| ACT NOW! | |||||
| Daily Cost of Waiting | $113.00 | ||||
| Monthly Cost of Waiting | $3,437.05 | ||||