Your Downloadable LED Retrofit Financial Analysis Tool
LED Retrofit Financial Analysis Tool
The Office of Energy Efficiency & Renewable Energy working in conjunction with the DOE Municipal Solid-State Street Lighting Consortium, the Clinton Climate Initiative (CCI)/C40, the Federal Energy Management Program (FEMP), and DOE Better Buildings, created a Street and Parking Facility Retrofit Financial Analysis Tool. As an example, this tool provides an avenue for analysis of the costs and benefits associated with street and parking facility lighting efficiency projects. Conversely, the tool utilizes life-cycle cost (LCC) analysis, tracks price, and benefit throughout a specific period. Meanwhile discounting future cash flows to present value, using a user-specified discount rate. In short, the use of such discounting captures the time value of money.
- Capital costs, net of rebates (including discounted capital costs, if a project’s implementation is to occur over multiple years)
- Present benefits of annual electricity costs for both base and retrofit cases
- Current values of yearly maintenance costs for both base and retrofit cases.
Subsequently, the tool also provides (among other outputs) a standard non-discounted financial metric. Likewise, simple payback (the number of years required for savings to offset initial outlays), as well as the internal rate of return (IRR). In other words, the discount rate at which the NPV is zero.
Other outputs reported include:
- Annual energy and energy cost savings
- Annual greenhouse gas reductions
- Up to 15 years of yearly detailed cash flow data
- Average annualized energy and maintenance savings per fixture.
The above information and the below analytics tools were provided by www.energy.gov.
LED Retrofit Financial Analysis Tool
Financial Analysis Tool with Sample Data
A Few More LED Lighting Resources to Review
LED Retrofit Education
When narrowing down the best solution for your organization, you will find it to be a challenging endeavor. Because of the thousands of lighting options available in the LED Industry, not all of them offer the same results. With this in mind, we have created an in-depth look at LED retrofits that covers things like;
- What is a turn-key commercial LED retrofit?
- Examples of commercial LED retrofit goals.
- LED lighting Performance
- Commercial applications
- LED energy savings
- LED maintenance Savings
- And so much more!
Read more about LED retrofits here!
Buying LED – A Buyers Guide to Understanding LED Lighting Specs
As anyone who has ever gone through the process of retrofitting or upgrading to LED lighting can tell you, the process can be time-consuming, and the research can give you nightmares. Understanding LED terminology and specs can leave even knowledgeable individuals wanting to rip their hair out. We hear from people all the time, wishing to retrofit to LED’s because they understand the importance of making the switch but are hesitant to start the buying process due to the multitudes of products available and not being able to differentiate between specs.
In this article, we’ll help you sort through the most common specs and provide you a light at the end of the LED buying tunnel.
Advantages of a Turn-Key LED Lighting Solutions
When people talk about a turnkey lighting solution, what they are talking about is a complex business practice. It is an attitude that influences not only the sale of an LED lighting or retrofit services but its prevailing culture and its approach to the customer experience. It helps shape the company behind it.
In this e-book, we will review what should be included in a turn-key LED retrofit package. It should include an understanding of the customers’ goals, help in selecting the right product, rebate management, and much more
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