Lighting Upgrade Initiative – National Financial Services

Case Study: T12 to T8 Lighting Upgrade Initiative National Financial Services Client

Retrofit Project Review: 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:

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