Now is a Great Time for an LED Retrofit

FRISCO, Texas - Jan. 21, 2016 - PRLog -- Advances in LED technology in the previous 4 to 5 years have present tremendous cost savings opportunities in the commercial, industrial, and municipal sectors and provide building owners a significant opportunity to dramatically reduce their energy bills while upgrading to more efficient and environmentally friendly LED lighting technology. Better manufacturing and delivery of lower cost chip and driver lighting components, which can make up to 70% of the cost of the LED lamp, have allowed LED lighting to become more affordable than ever.

While still at a premium to traditional lighting costs, the benefits and paybacks have reached a tipping point and the LED wave is just beginning. The 2014 growth rate for US LED lighting sales was a very healthy 12% CAGR, according to LED Inside (http://www.ledinside.com/outlook/2014/12/led_lighting_s_low_price_trends_in_2014) while prices continued to decline, with 40W and 60W bulbs down 18% and 22% respectively. Other types of LED lighting, such as flat panel HD LED lighting and T8 LED replacement tubes have continued to decline in price as well.

With the plethora of LED lighting and energy efficiency rebates and efficiency capital available to choose from it's often a good idea to consult with an engineer and experts in the field in the planning phases to optimize the lighting efficiency, cost, and longevity of your retrofit project. Done right, your LED retrofit will provide significant savings and lasting value for years to come.

For more information write: info@esquaredenergyadvisors.com