The light-emitting diode (LED) is one of today's most energy-efficient and rapidly developing lighting technologies. Quality LED light bulbs last longer, are more durable, and offer comparable or better light quality than other types of lighting. Investing in an LED retrofit is a great way of upgrading your existing system so you can enjoy a brighter, more energy efficient home or business without having to replace any of your fixtures.
LED lighting is currently available in a wide variety of home and industrial products, and the list is growing every year. They generally use at least 75% less energy, and last 25 times longer than incandescent lighting. Home and business owners are investing in LEDs for the many other benefits offered, like:
As with any home or business improvement, the true quality and value of the improvement becomes evident over the course of time, not immediately. LEDs are no different.
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The average LED light bulb lasts 30 times longer than incandescent lighting and 3 times longer than CFLs (compact fluorescent lamps). Not only do they last longer, but LED lighting can also:
LED lighting upgrades are more expensive upfront, however, they're a long-term investment as they have the potential to save you a lot of money! As with all investments, the big question is, how long will it take for you to break even or see a return? There are many variables that can impact the exact return, however, calculating the LEDs' ROI is relatively easy to estimate. You just need a few numbers to get started:
Not only does an LED lighting upgrade reduce your electricity bills significantly each month, but it also pays for itself very quickly. LED light installation projects generally have a payback period of 1-3 years. If some of your lighting is on 24 hours a day, the payback could possibly be 1 year. If your lighting is on during normal office hours, the payback period will perhaps be a bit longer, at approximately 2-3 years.
Want to learn more about LED return on investment for your business or get a better understanding of LED light installation cost? Contact us today.
When you install an LED lighting system, you’ll spend less money on replacement bulbs and also labour costs. LEDs are also more reliable and require less maintenance than many traditional lighting, which means you pay for fewer electrical repairs. Another great advantage is that LED installations can last 50,000+ hours if they’re correctly engineered.
LEDs offer far more control than traditional light bulbs. They can be dimmed, their colour can be changed, and they can be turned on/off without shortening their lifecycle.
LEDs are a type of Solid-State Lighting (SSL), which means they are made of solid material with no filament or bulb to break. This means that they are increasingly being used in applications where halogens and fluorescent lighting are traditionally fitted. Because of this, they are not affected by vibrations or movement. This makes them an excellent choice for harsher environments like construction sites, warehouses, etc.
The most obvious way you will save is through lowered energy use and the future expenses. LEDs also last longer since they use energy more efficiently and can be controlled to extend their lifetime, helping you save on energy and maintenance costs.
If you're interested in discussing specifics for your project and getting a more accurate LED return on investment projection, contact us today!
At Voltec Services, we understand that having money up front for a large investment in your property can be a struggle! This is why we offer payment plan options to best suit your needs. We set you up with a payment schedule, so you know exactly how much to pay and the duration of time. If you are interested in learning more about our payment plan options and LED return on investment, please contact us today.
Want to learn more about LED signage installations? Read our blog.