In 2021 Lighting accounts for upward of 10% of total energy use in average US homes and up to 40% in commercial buildings.
Ultimately, the combination of energy efficiency, design, quality, performance, and price point will determine how much market share LEDs claim against incumbent technologies in commercial and residential applications.
Within the lighting industry, however, leading manufacturers and lighting designers/specifiers recognize that the widespread adoption of energy-efficient light sources will not occur based solely on energy costs. Ultimately, the combination of energy efficiency, design, quality, performance, and price point will determine how much market share LEDs claim against incumbent technologies in commercial and residential applications.
First let’s be clear about what we mean by Commercial, Industrial and Residential grade lighting.
Commercial lighting – Basically this includes all types of businesses that aren’t manufacturing -hotels, restaurants, retail stores, warehouses, offices, hospitals, schools, condos. Public lighting on streets, bridges and government facilities is also typically included in this category
Industrial Lighting – These are lighting fixtures and bulbs used in manufacturing facilities – think factories – but these might also include lights used in specialized situations – as in those tough looking lights used in “hazardous locations” such as chemical plants, mines and refineries.
Residential Lighting – Well this one is easier, we are talking about the lights you use inside and outside your home, such as your kitchen, garage, garden and driveway. Sometimes there is a separate category for landscape lighting.
- Commercial-grade LEDs cost more to manufacturer – but are design to perform
- Commercial-grade LEDs are available with warranties up to 10-years, and 200,000 hours
- Commercial-grade LEDs are often more efficient = greater savings
- Commercial-grade LEDs components mean less maintenance
Generally commercial/industrial grade fixtures mean better quality, less maintenance, more versatility of lighting output and longer life.
Energy Incentive Rebates Make LEDs Affordable
LED high bay lighting can reduce energy and maintenance costs—but not cost a fortune. Energy incentive rebates are available from many local utility providers and can range from $100 to $300 per LED fixture, depending on funding availability, fixtures being replaced, and operating hours.
The Future for LEDs is Bright!
The future looks bright for LED lighting technology as the U.S. Department of Energy estimates that solid state, LED-based lights can potentially help save 1,488 terra watts of electricity valued at $120 billion between 2010 and 2030. With further LED technological advancements still to come, the ROI of LED high bay lighting will continue to improve as well.
Don’t Leave Your Commercial Lighting Project to Chance…
Over the past 8 years we’ve helped businesses from industrial manufacturing, distribution, food processing, pharmaceutical, hotel, to retail. Each of these industries required unique solutions to maximize energy savings. That’s where experience and expertise makes all the difference…
Collectively NexGen Energy Group has helped save clients’ tens of millions of dollars in energy savings.
To learn more about the cost-saving benefits from LED lighting, get in touch with us today for a free energy consultation.