Okay, so it’s been a while since our last blog and we finally found a perfect opportunity to update you guys (and girls) on what we have been up to at EEP Sales.
During one of the previous blogs we promised to speak about the financial aspects of switching over to LED lights and would like to do so now (so keep reading!). It is true they are a little bit pricier than we’re all used to paying for light bulbs, but doing so can actually put money back into your pocket (this is the honest truth and we are not just trying to sell you…) The energy savings come from the fact that LED bulbs consume so little power compared to every kind of light bulb out there that as long as the light is used at least 12 hours per day you will recoup the money you spent on the bulb typically in less than a year. Oh and the bulb itself will last you…well a very-very long time (rated at 25 years or 50,000 hours), so anything after then is just gravy!
Let’s take a quick example: assume you’ve decided to switch over from a 65W halogen R30 flood light to an LED R30 replacement. The looks are the same (here is a picture just in case you don’t believe us):
The light quality is the same and the only difference is you will go from 65W to 7.7W of consumption…that is almost 10 times less. Here is the math:
Assuming you live near us where it gets dark (and cold) early and have your lights on at least 12 hours per day (as a commercial user), you will you use about 780 watt-hours (65W x 12 hours) or 0.78 KWh (780Wh / 1000) per day (this is the metric your electric company uses to figure out how much to bill you). This translates to 23.4 KWh per month (0.78 KWh x 30 days) or 280.8 KWh per year (23.4KWh x 12). At 16 cents per KWh (if you are around where we live), you will pay $44.93 per year to run your halogen bulb (280.8 KWh x $0.16/KWh).
Now let’s see what happens when you do the same using an LED light. Instead of 65W you now go down to using only 7.7W, which means instead of 280.8 KWh/year you now are using only 33.26 KWh per year (7.7W x 12 hours / 1000 x 30 days x 12 months) costing you $5.32 per year instead of $44.93. You’ve just saved $39.61, which is about how much the bulb itself costs! If your business requires the lights on 24 hours per day, you double the saving and pay the bulb off in half a year. Not bad…keep using the lights and you will actually put $39.61 per LED bulb back into your pocket in savings. Multiply that by 100 or 1,000 lights and we are talking about some serious cash.
We hope this helped clear up this sometimes confusing topic of energy saving LED light bulbs. If you do not have the cash to pay for the bulbs upfront- no problem; we have a financing program in place that let’s you retrofit your business to LED bulbs at no out of pocket cost to you. We will talk about this in our next blog or check this out for more information. See you soon!