Don’t you love late night infomercials? From knives that will cut a tennis shoe in half to the amazing Snuggie. Each of these irresistible commercials has a pitch man (or woman) who makes the item they’re pitching seem like an absolute need for survival in life.
Then, just when you’re beginning to believe the pitch, they hit you with the low cost. “Heck, it is only $19.95 a month for the next 18 months.” You’re getting the urge to buy. Then they say that phrase we have all heard a million time: “But wait, there’s more!”
The pitch man then explains that if you order in the next 15 minutes, they will either double your order or slash the price in half. “With all of the time I will save by having this item, it is practically free, right?” We definitely want the item and then we justify buying it by telling ourselves how little it really costs.
With that in mind, I want to thank you for reading this blog post in the first place. There is no pitch man here. No special offers on LEDs if you call in the next half hour, but I do want to tell you how LED lighting for your commercial building can be free. No, really.
The cost of operating a traditional commercial lighting runs 75-90% MORE than operating an LED lighting system. Simply put, if you take the money you are budgeting for electricity and redirect a portion of it to pay for a new LED system, the system ends up being essentially free.
There’s No Such Thing as “Free”
Now, I know that you know that nothing is truly free. What I mean by free here is that it does not cost you any EXTRA money. You are already spending the money. Take a look at the following chart:
As you can see, the LED lighting system in this example will save this commercial building close to $100,000 per year by reducing electricity and maintenance costs. Let’s assume for a moment that the cost of this new system is $200,000, including installation. That means that this system pays for itself in about two years. Every year after that, you will have an extra $93,000 that you can spend on other more important things than the electric bill.
Ninety-three grand every single year back into your budget sounds pretty good, right? It’s money you would have sent to the electric company. All you did is spend $200,000 grand up front to get a new LED lighting system. Wow!
But Wait, There’s More!
One final note is that in many cases, companies like Energy Lighting Services can arrange the funding for the project to be cash flow positive through the use of a Lighting as a Service contract. In this way, you can pay for the project with currently budgeted money, not have to take out a loan or lease, keep some of the extra money every single month starting day one, and potentially keep the project off our your balance sheet. How cool is that?
While LEDs may or may not be as cool as a set of Ginsu knives or a purple Snuggie, they do provide a tremendous advantage to your employees and customers by making your building more comfortable and asthetically appealing.
If you’d like more info about how to upgrade to LEDs for free, reach out to us today. If you call in the next 15 minutes…. (just kidding).