The Value of Lighting
Lighting is your key to getting the most out of the Energy Policy Act of 2005 (EPAct). Lighting plays a dual role in saving you money when upgrading in accordance with the energy efficiency standards outlined in the Energy Policy Act.
Savings from Energy Efficiency
When it comes to reducing your energy costs, no single system can have a greater impact than your lighting. Lighting comprises up to 40% of your electricity bill.* And of all the single-system upgrades you can perform on your building or facility, lighting provides the highest return on your investment.
| Lighting provides the highest return on investment, resulting in the fastest payback. | ||
|---|---|---|
| Single-Technology Projects | Average Project Payback Period (years) |
Average Project ROI (%) |
| Lighting | 2.2 | 45% |
| Controls | 2.3 | 43% |
| Motors & Drives | 2.4 | 42% |
| HVAC | 3.6 | 28% |
| Building Automation | 5.9 | 17% |
| Source: ECSC | ||
Energy-efficient lighting upgrades can reduce energy consumption and costs by as much as 33%. Lighting upgrades often pay themselves back within 3 years or less, and they usually exceed corporate capital hurdle rates, making them one of the most attractive investments around.
Significant Tax Savings
The Energy Policy Act tax deductions from lighting can contribute up to $0.60 per square foot, enhancing the ROI on your upgrade. Coupled with energy savings of as much as 40% per fixture compared to legacy lighting systems, and new lighting systems can pay for themselves in less than 3 years.
Reductions in Maintenance Costs
In addition to the benefits lighting brings you through EPAct, upgrading your lighting system can also offer savings on maintenance. Using lamp and ballast technologies that optimize each other's performance and prolong each other's lifespan can reduce the number of lighting failures, meaning less money spent on maintenance.
Advance's lighting expertise and products make it easy for you to take full advantage of the cost-savings opportunities that the Energy Policy Act offers. Get started here here to determine the optimal way to save on your energy costs.
*Source: DOE/EIA
