26 Aug '11, 6pm

How Much Money Can New Lighting Save Your Business?

That’s the question that often hits me when someone quotes an ‘average’ statistic. The "average" business or household seems almost mythological. Few of us fall right on that point on the line. The same is true when it comes to often quoted energy efficiency savings statistics. For example, the U.S. Environmental Protection Agency says that replacing one old-fashion incandescent light bulb with a compact fluorescent light will save on average $69 over the product’s lifetime. Will your business save that much by installing new light bulbs? Several factors come into play, some that you can control, the most obvious being how much you turn on the light. Another important dynamic, not often discussed, is your electric rate. Rates vary dramatically through the United States. In coming up with the $69 savings figure, the EPA assumed an electric rate of 11.3 cents/kWh. If you ope...

Full article: http://www.renewableenergyworld.com/rea/blog/post/2011/08...

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