Saving Money – Financial Benefits of LED lighting

There are a lot of reasons why changing conventional high bay and low bay lighting and replacing with LED lighting makes sense.

In this, the first part of our insider’s guide to modern lighting for south London commercial and industrial premises, we look at the money savings that could make your business more profitable without shedding staff or increasing prices.

When push comes to shove, profitability boils down to the difference between turnover and expenditure. So reduce expenditure and profitability increases straight away. Energy inefficient devices, including outdated conventional lighting, wastes 20% of your annual energy costs (source: the Carbon Trust). Swapping HID lighting and fluorescent tubes for LED lighting can, when installed with our state-of-the-art control system, save up to 80% on your lighting bill. So immediately after installation, your company will feel the benefit.

When you invest in a new asset, you expect to see a return on your investment. In many cases this is several years, however, LED lighting typically pays for itself within 12 to 24 months. Since you can expect a 10 year lifetime for high bay lighting, low bay lighting and other LED units, it means that for the next 8 – 9 years, no further investment in lighting will be required and it therefore makes sound financial sense to get rid of your old lighting.

One of the objections to changing your complete lighting system is the capital outlay. The Carbon Trust offer low cost finance to businesses wishing to improve energy efficiency. Your capital outlay is reduce and you pay it back as you save.

OK, so that’s the direct and obvious savings – other financial benefits include reduced lighting maintenance costs, avoiding penalty payments from more stringent environmental regulations, better productivity as staff have a better lit and more pleasant working environment, fewer hours lost through accidents created by poor lighting, fewer returns because fewer picking mistakes are made etc. If you think of any others, feel free to drop us a line!

So when you are ready to increase profitability of your Bromley factory, your South Croydon warehouse or Lambeth garden centre, call South London Electricians on 020 3199 8248 to find out how our LED lighting service can save you thousands of pounds.