11/01/2013

Shining Light on LED Prices and Paybacks

Recent studies show that now may be the time for an upgrade

 

LED prices are falling as revenues rise, and the new LightSmart mobile app can identify the ROI of a retrofit at your site. It may be time to upgrade.

LED revenues are rising, and as a result, prices may plunge. Now is the time to consider an upgrade, and a new mobile app makes your decision easier than ever.

The most recent version of the Underwriters Laboratories (UL) LightSmart mobile app features a “Calculate ROI” function that gives users a clear payback timeline for upgrading to more efficient lighting. It determines ROI based on incandescent lamps, which are the cheapest upfront replacement lamps but typically require more frequent replacements and higher operating expenses.

Revenues from commercial LED lighting are projected to grow from $2.7 billion in 2013 to over $25 billion in 2021, according to a recent report from Navigant Research. In the coming years, LED prices are expected to fall to a point where savings from electricity consumption will provide a short payback period that will encourage adoption en masse.

“With the cost of LED lamps coming down, the app allows users to input the replacement cost to get an accurate ROI based on local energy rates obtained automatically through location services,” says Shari Hunter, business development manager at UL. “In addition to the payback period, users also receive feedback on how their lighting choices can help reduce carbon emissions.”

With a clear payback picture, it’s prime time for a replacement project. Navigant Research forecasts that only 5% of lamps sold for retrofits worldwide in 2013 will be LED-based, but that share is expected to grow to 40% by 2017.

“The rise of LED technology will transform every part of the commercial lighting industry,” says Jesse Foote, research analyst at Navigant Research. “While other lighting technologies have limited potential for future improvements, new designs for LEDs that push quality and efficacy to new levels continue to emerge from lighting labs around the world.”

 


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Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

 


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.

 

Replace core drilling with Connectrac In-Carpet and On-Floor Wireways, the proven connectivity solution in open interior spaces of all kinds. These elegant low-profile wireways are great for AV / telecom connectivity wherever it’s needed.

 

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com


 
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