Replacing and/or retrofitting indoor and outdoor light fixtures will substantially lower energy costs. In many cases, the payback is less than 24 months. After the payback period, 100% of the savings is realized year after year. In fact, the monthly savings will usually cover the monthly note if you were to finance a project of this nature.
Whether your reason for updating your indoor and/or outdoor lighting systems is because your company is going green or you would like to save money by consuming less energy, there are many investment options available which would contribute towards an expeditious ROI. Some of these options are listed below.
Large Corporations have realized and implemented these cost saving strategies for years, whereas smaller companies have been behind the curve in recognizing the benefits of retrofitting and/or upgrading their lighting. However, between the challenging economy and the recent advances in lighting technology, the cost savings can no longer be ignored by smaller businesses. An analogy would be that most people would walk past a penny or even a nickel and not bend over to pick it up, but not many people would walk past a quarter or a dollar bill without feeling some degree of guilt. Every time you walk under or past your outdated interior or exterior lights, think about the amount of money which could go directly to improving your bottom line.