Private and Public Corporations are facing increasing challenges in the current economic climate. Balancing a relatively finite revenue stream against the increasing cost of services that are demanded by clients and shareholders is a complex task. Corporations are concerned about the state of infrastructure, but are left with few feasible alternatives to deliver the services required at a manageable cost. In many cases, this means that installation of energy saving equipment, that will pay significant dividends in the future, is postponed. This results in companies losing the potential savings over the long term because of current economic constraints.
In the case of lighting systems, many private and public corporations have considered removing or disabling lighting assets in order to lower costs, which raises concerns about safety. The cost of traditional lighting systems is a significant portion of everyday energy budgets, in some cases exceeding 60 per cent. The cost of electricity is not the only factor. Maintenance costs also represent a sizeable portion of the cost of managing a lighting system whether it be highbays or fluorescent troffers. Peak power rate increases are also becoming an ever-worrying trend for larger complexes. LED-based lighting is a proven technology, with demonstrated energy savings and a life expectancy of four to five times that of conventional technologies such as high-pressure sodium. LED bulbs and fixtures deliver up to 80 per cent energy savings, and offer up to a 10 year design life.