In the US, small businesses spend more than $60 billion each year on energy costs and can save up to 30% by making smart energy efficiency investments. That’s a massive opportunity to cut overhead while embracing sustainable lighting solutions. That’s a massive opportunity to cut overhead while embracing sustainable lighting solutions.
If you’re running a business, it’s time to start thinking about how you can cut energy costs and reduce your carbon footprint. LED lights are an innovative solution for your business, and you’ll save more money than you realize. In this guide, we’ll break down the cost comparison, energy savings, and how to begin upgrading your lighting system with LED fixtures.
In this guide, we’ll break down the cost comparison, energy savings, and how to begin upgrading your lighting system with LED fixtures.
First, it’s important to get a better idea of the types of energy-efficient light bulbs available today, which include:
CFLs were one of the first energy-efficient light bulbs to hit the market. CFLs use 75% less energy than traditional incandescent bulbs. They also last up to 15 times longer than incandescent bulbs.
Halogen bulbs are energy-saving incandescent bulbs that are more efficient than traditional bulbs. They also have the same type of lighting effect as standard bulbs.
When you’re first comparing prices, LED bulbs may initially seem expensive. LED bulbs cost an average of $2.50 per bulb, CFL bulbs cost $2.40 per bulb, and incandescent lights cost $1.25.
For five hours of use a day, a 60W incandescent bulb will cost you approximately $17 a year. A 60W equivalent CFL bulb will cost you an average of $4.25 a year.
On the other hand, a 60W equivalent LED light bulb will cost you just $1.70 per year for five hours of use per day.
Many LED bulbs are rated up to 50,000 hours, which means they burn at least 50 times longer than traditional bulbs.
It’s true that LEDs cost slightly more upfront, but they pay off fast:
Bulb Type | Average Price | Annual Energy Cost (5 hrs/day) | Lifespan |
Incandescent (60W) | $1.25 | $17.00 | ~1,000 hrs |
CFL (60W equiv.) | $2.40 | $4.25 | ~10,000 hrs |
LED (60W equiv.) | $2.50 | $1.70 | ~25,000–50,000 hrs |
Over time, LED bulbs significantly reduce electricity usage and replacement costs.
Switching to LED lights could potentially save your business thousands of dollars on your energy bills annually.
In addition to a lower electricity bill, you’ll also be able to qualify for various business tax incentives. There are many local energy programs available in all states that will help you save money.
These programs are designed to give small businesses money for making energy-efficient upgrades, such as lighting.
Many utility companies also offer incentives to businesses that upgrade to energy-efficient sources. You can also find various grants through organizations such as:
Finally, you can check out the federal tax incentive programs for commercial businesses that make energy efficiency upgrades.
Key Benefits:
Explore local options:
You can start using LED lights in your business by looking at LED replacements for fluorescent tube lights. LED light tubes are shatterproof, flicker-free, and start up instantly.
For outdoor lighting, you can look at Integrated LED Street Light and Area Light Fixtures. These lights give off much less heat than traditional lights and reduce carbon emissions. They also turn on quickly, saving you even more on energy costs.
You can also look at LED fixtures for your business, like LED panels and LED floodlights. LED replacement lamps are perfect for large retail stores, sports arenas, or manufacturing plants.
All these fixtures reduce electricity cost, heat output, and maintenance hours.
-Switching to LED lights could potentially save your business thousands of dollars on your energy bills annually.
-LED light bulbs will cost you just, on average, $1.70 per year for five hours of use per day.
LED lights are a great place to start when first committing to go green. While it may seem overwhelming initially, you just need to know where to turn. Luckily, Olympia Lighting has all your LED needs covered.
We offer industrial-grade LED lights and fixtures for all types of businesses.
We provide custom lighting solutions and offer competitive prices on LED lamps and high-intensity discharge lamp (HID) replacements. Make sure you contact us today to request a quote!
Reach out to one of our LED lighting experts today and discover why Olympia Lighting is the trusted choice for so many.
