With the American economy still struggling, most companies, both large and small, are searching for ways to trim their monthly expenditures. The lighting bill is a great place to start. You may not need much encouragement at all, but below are 5 good reasons to move forward with your lighting retrofit.
1. Lower Your Electric Bill
The U.S. Department of Energy suggests that upgrading to more energy efficient lighting products may cut the bill in half. That’s a significant savings even for a small business. The Energy Savings Cost Council says that upgrading the lighting offers a 45% ROI, the highest return on investment for this type of commercial building improvement. In fact, the investment will pay for itself in about 2 years. Of course, after that two-year period, an organization can easily enjoy a significant monthly savings.
2. Improved Lighting in the Workplace
Another great feature of retrofitted lighting is the improved lighting quality. Often in commercial enterprises, employees can do their jobs more efficiently and safely with better lighting.
3. Reduce Workplace Accidents
Poor lighting has been attributed to thousands of accidents in the workplace and employees report all types of lighting issues such as glare, not enough light, flickering lights, and poor light placement. For those managing a business, it can mean the difference between serious workplace accidents like slip and fall, which often result in lawsuits.
4. Increased Property Value
The U.S. Department of Energy has consistently tightened the energy codes over the years to encourage organizations and businesses to make the appropriate changes. Historically, retrofitting the lighting in a commercial building renders it more attractive to potential buyers and increases the value overall.
5. Improved Worker Performance & Productivity
Numerous studies have proven over and over that better lighting equals better employee performance. Bad lighting can even make employees irritable and sluggish, plus it often results in eye strain. The accuracy of work is also affected. Employees generally have a better attitude and accomplish tasks more efficiently in a well-lit workplace.
Things to Consider When Upgrading
If you do decide on a lighting retrofit, then make sure to work with a company that offers an end-to-end solution. It can cost more in the long run to hire various companies for each phase of the project.
For instance, ESCO Energy Services Company provides planning, design, installation and everything in between. Using state-of-the-art technology and top quality products, we have improved our entire process over the years and today it is highly streamlined. Our lighting retrofits are designed to maximize your energy savings and will help you to achieve the highest possible ROI on your investment. We offer customized turnkey lighting solutions for every type of business that will nicely fit in your budget.