Commercial LED lighting is becoming increasingly popular among organizations due to the significant cost savings it provides and its many additional benefits. However, since organizations with enormous commercial facilities and high energy expenses care the most about cost savings, let’s discuss that aspect more deeply. Continue reading to learn more about the financial savings LED lighting can offer your commercial business.
Energy Cost Savings
Energy costs would be where a business would save the most if it switched from traditional lighting to commercial LED lighting. According to the Department of Consumer and Regulatory Affairs, the power used for lighting accounts for around 40% of total energy costs in commercial buildings. Depending on the traditional lighting choice currently installed in your commercial location, commercial LED lighting can deliver energy savings of up to 65 to 80 percent.
No matter what kind of conventional lighting is already present in your establishment, switching to LED lighting will undoubtedly result in significant energy cost reductions. While LED lights give roughly 80 percent energy savings over some of the least energy-efficient traditional lights like incandescent bulbs, they still use about 65 percent less energy than some of the more energy-efficient traditional lights like halogen lighting.
Significantly Lower Maintenance Costs
LED lights’ lifespan is far superior to that of conventional lighting choices. Halogen lights typically have a lifespan of 4,000 hours, compared to the 2,000 hours for incandescent bulbs, whereas LED lights have a lifespan of 50,000 to 100,000 hours. Even while it doesn’t directly affect prices in the form of lower energy bills, there are still significant savings to be achieved if you consider the replacement costs of conventional lights throughout a lifetime of LED lights, even after accounting for the more significant upfront expenses of LED lighting.
Additionally, LED lights require replacement significantly more frequently because they are much less likely to have typical lighting problems like breaking and dimming. Similar to how traditional lights have higher maintenance expenses since they occasionally run into problems. When exposed for a long time, dangerous substances like mercury, which are found in most traditional lights, can harm your workers or employees. Contrarily, LED lights don’t have any components that could endanger the security of your employees. Therefore, they provide a great deal of peace of mind and savings.
ELEVATE YOUR LIGHTING WITH GREEN WAY LIGHTING
At Green Way Lighting, we genuinely value the importance of meeting the needs of our customers. Whether you are searching for lighting solutions for your commercial building or residential property, we have the options available to fit all your needs. Reach us on Facebook, Twitter, and LinkedIn. You can also contact us on our website!