Building retrofits provide a sensible and efficient way for businesses to reduce their bottom line costs and improve their profit margin with minimal work or effort on their end. Reducing energy use requires very simple and low-cost measures such as lighting and appliance upgrades or even air sealing improvements.
These energy reductions will result in significant savings on utility bills. In fact the savings are typically pay for themselves in less than two years while providing continued savings for your company in the long run. The building retrofit itself will create a stream of revenue for a company, which will create pay- back periods of less than two years and remarkable ROIs with virtually no risk.
The energy Cost Savings Lighting Council stated that energy efficiency lighting projects typically generate an average of 45% Return on Investment. Every month a company waits to retrofit their building they are forfeiting valuable money over to their utility bills that they could be saved or invested. The abundant numbers of government and utility company incentive programs that cover up to 50% of the project make the investment even more lucrative and will shorten pay back periods.
The lighting retrofit becomes even more attractive investment when you take into account some other areas of saving. A company is able to realize large labor savings from fewer lamp replacements because high efficiency lamps last longer. Also, for every watt saved on your lighting, an additional ¼ of energy is avoided in HVAC energy.