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Lighting Upgrade Initiative - National Financial Services

Case Study:

T12 to T8 Lighting Upgrade Initiative
National Financial Services Client

Retrofit Project Review: Situation Analysis

Situation Analysis:

  • Change in legislation / phase out of T12 equipment
  • Need to retrofit existing fleet of T12 technology
  • Need for improved lighting consistency & quality
  • Need for reducing lighting-related maintenance cost
  • Increased cost of replacement materials
  • Reduced supply of replacement materials
  • Corporate energy savings objectives
  • Attractive project ROI

Solution:

Breakdown: Phase I
Market areas: Canada, VA

  • Total # locations: 330
  • Commencement: January 2010
  • Completion: May 2010
  • Investment: $137,663
  • Net rebates: Included - $20,000 est.
    (14% savings)

Breakdown: Phase II
Market areas: IL, IN, MO, MI, OH, TX

  • Total # locations: 2,240
  • Commencement: December 2010
  • Completion: November 2011
  • Investment: $1,486,383
  • Net rebates: $172,041  (11% savings)
  • Net investment: $1,314,342

Breakdown: Phase III
Market Areas: AL, AR, AZ, CO, CT, DE,
GA, IA, ID, KS, KY, LA, MA, MD, ME, MI,
MN, MS, MT, NC, NE, NH, NJ, NM, NV, NY,
OK, OR, PA, RI, SC, SD, TN, UT, VT, WA,
WV, WY

  • Total # locations: 1,764
  • Commencement: December 2011
  • Completion: August 2012
  • Investment: $1,387,534
  • Net rebates: $184,783
  • Net investment: $1,202,751

Results:

Final Results
Timeframe: 32 months (Jan 2010-Aug 2012)

  • Locations: 4,334
  • Fixtures retrofitted: 45,886
  • 2-lamp T12:  5,721
  • 3-lamp T12: 313
  • 4-lamp T12: 39,223
  • Exit/emergency units: 629
  • Lamps replaced: 185,753
  • Magnetic ballasts removed: 84,480
  • Net Rebates realized: $376,824


Final Financial Results

  • Investment: $3,011,580
  • Net rebates: $376,824
  • Net investment: $2,634,756  (12.5% savings thru rebates)
  • Est. annual energy savings: $1,595,477
  • Est. annual maintenance savings: $216,700 ($50/branch)
  • Project payback: 17 months
  • Five year positive cash flow projection: $6,426,129


Final Environmental Impact

  • CO2 reduction: 21,000,299 lbs
  • SO2 reduction: 82,420 lbs
  • NO2 reduction: 40,460 lbs
  • Atmospheric Hg removed: 211,966 mg/yr
  • Coal burning avoided: 9,813,224 lbs (4,460 tons)
  • Equivalent # of cars removed from road: 1,831
  • Acres of Forest Saved: 2,604