LED light bulbs are gaining significant market exposure, and with good reasons. As you may know, LED bulbs are more energy efficient, more environmentally friendly and a cost-saving alternative to the conventional halogen, metal halide, and high pressure sodium lights.
LED Street Lights deliver the best economic return compared to conventional alternatives -considering the total life-cycle costs including installation, maintenance, and energy.
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The cost of installing one street pole is $4000. This includes the costs of the bulb, pole, electrical wires, and labor. As a contractor, you can understand the importance of a return on your investment. If you want to make sure that investing in LED’s over traditional lights will have a better bottom line, check out the chart below:
ROI | LED vs. Fluorescent Light Bulbs | LED vs. Sodium Light Bulbs |
Lamp price per unit | Investment for 2000 lamps | 500 |
Investment price per unit | $1,000,000 | $1,000,000 |
Total Savings per year | $1,119,000 | $513,000 |
Lifetime savings on lights | $18,394,521 | $8,432,887 |
Payback on LED investment | 0.89 | 1.95 (under two years) |
LED Lamp Savings | Fluorescent Street Lights | High Pressure Sodium Street Lights | LED Street Lights |
Number of lights | $2,000 | 2000 | 2000 |
Electricity price per kwh | $0.20 | $0.20 | $0.20 |
Lamp hours per day | 10 | 10 | 10 |
Maintenance per lamp (per year) | $450 | $220 | $0.00 |
Lifetime hours per lamp | 2,000 | 16,000 | 102000 |
Watts consumed per lamp | 250 | 150 | 60,000 |
Cost a year per 2000 lamps | $365,000 | $219,000 | 100 |
Total maintenance cost (per year) | $9,000,000 | $440,000 | $0.00 |
Total cost a year (current prices) | $1,265,000 | $659,000 | $146,000 |
Lifetime per lamp in years | 0.55 | 4.38 | 16.44 |
Electricity/ Maintenance (lifetime) | $20,794,521 | $10,832,877 | $2,400,000 |
LED Shoebox fixtures have a long lifespan with less energy. You can choose to retrofit your current fixture to LED lighting, or you can replace the fixture entirely.
Retrofitting refers to the process of removing the internal components of your current fixtures and replacing them with LED technology. Read our guide to learn about the different types of fixtures you can retrofit.
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