Operating and capital expenses commonly take up most of a business’s resources, but there are cost-effective projects that can improve your bottom line. An LED retrofit can impact almost every aspect of your business, including your employees, third-party partners, and visitors.
Benefits of an LED Upgrade
Productivity, efficiency, and reducing operating costs are a few common areas businesses want to improve. How can LED retrofits in 2023 make improvements in these and other areas, here are a few examples.
- Your lights make up as much as 25% of your total energy consumption.
- Well-lit spaces help everyone feel and work better.
- Studies show that better lighting reduces crime in businesses.
- Reduced maintenance time and expenses boost your balance sheet.
Keep reading to learn more about the benefits of an LED retrofit.
Improve the Work Environment
Employee morale is a key part of company work culture. Businesses send staff off on events and trips. They also create team-building exercises and throw parties, but how do you keep staff happy and productive in the office?
“Light has an enormous effect on our physical and mental well-being,”
LED lights are brighter than fluorescent bulbs and not prone to flickering. LEDs also come in a variety of colors to match an employee’s task. Along with providing a more comfortable and better quality of light, LEDs can also account for natural light.
The U.S. National Library of Medicine states,
“Natural light from both the morning and evening has been found to decrease depression and improve mood, energy, alertness and productivity.”
Improved lighting also increases employee safety. It’s a factor to consider in several industries where mistakes can lead to injuries or even death.
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Boost Customers’ Experience
There’s more to a customer’s experience than how staff interacts with them. Follow-ups and excellent customer service are part of the experience, but you can do more.
One of the benefits of an LED retrofit is improving the customer’s physical experience. It can start with having adequate lighting in the parking lot that makes customers feel safe at night and guides them to the entrance.
LEDs Magazine finds crime decreases by around 39% when outdoor lighting is in place.
While exterior lighting is crucial, don’t forget about the interior.
Nam Kyu Park, PhD & Cheryl A. Farr, PhD state,
“As an important component of a retail store’s atmospherics, lighting can affect the emotional responses that influence consumer shopping behavior.”
Reduce Maintenance Costs
Another benefit of an LED upgrade is a reduction in maintenance costs.
LED bulbs, fixtures, and lamps are reliable and long-lasting. Even short life LEDs boost a lifespan twice that of long-lasting fluorescent lamps. You also do not need to worry about ballast replacements with LEDs.
Using a custom-fitted LED solution, your employees can spend less time replacing and repairing lights. Since you are not replacing the bulbs as often, your bottom also experiences a boost.
Improve Efficiency and Lower Energy Costs
LED lighting is energy efficient. You can lower energy consumption by as much as 85% with LEDs. It’s a significant savings on your energy bills.
You can improve energy efficiency with LED lighting controls. The controls include sensors that turn the lights on and off according to a room’s occupancy. Lights can be programmed to turn on and off at specific times and even adjust lighting intensity to match the amount of natural daylight in a space.
Incentives are Making LED Retrofits More Affordable in 2023
Even with the benefits associated with an LED upgrade, businesses can find the costs exceed their operating budget. To help make the lighting retrofit more affordable, and encourage facilities to transition to more energy efficient products, federal, state, and local governments are offering financial incentives. Lighting manufacturers and utilities are also offering rebates and other incentives.
These financial incentives can cover most of the retrofit’s costs.
If you want to learn more about the benefits of an LED retrofit or are ready to partner with experienced professionals that also offer incentive services, contact us today to see how we can help with your lighting project.
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