ENERGY EFFICIENCY - UPGRADES & RETROFITS
Completing an upgrade to more energy efficient lighting or machinery is an excellent way to reduce energy use, but you may also receive further value in a capacity reduction. This usually hidden value may drastically improve the savings or return on investment that you experience through a project, and may actually help make previously tabled projects bankable through accelerated pay back periods. Our Energy Savings: as a Service suite provides several off balance sheet solutions available to your facility.
PricingEnergyEfficiency.com can analyze your proposed or even recently completed energy efficiency projects to determine how much a project may reduce your electricity supply costs and then help you capture that in your next electricity supply contract. Moreover though, in some markets, your project may be eligible for capacity payments, which are cash payments paid by Regional Transmission Operators for helping reduce demand on the grid. PricingEnergyEfficiency.com can help get your project enrolled to receive these additional payments, even if your project has been operational for several years already.
Lighting
For most facilities, lighting is a significant component of their electricity costs. Annually, commercial and industrial facilities use approximately 19% to 30% of their electricity for lighting alone. That makes upgrading your lighting an excellent place to look at to reduce electricity costs. PricingEnergyEfficiency.com can help your facility assess your existing lighting situation, determine the optimal lighting retrofit solution, and provide you with flexible payment options, while also ensuring that you receive the maximum financial benefit from your new lighting.
Lighting Audits
The first step towards realizing energy savings through lighting is the completion of a lighting audit. A lighting audit will analyze your current lighting use, the impact that use has on your electricity bill, and the physical condition of your lighting fixtures. This is done through a combination of data collection and analysis and a site visit from a trained lighting professional. From this audit, we are able to map out potential upgrades to your lighting that are cognizant of your operations, plans, and budget, including consideration of non-lighting solutions like daylight harvesting.
And even if you’ve completed a lighting retrofit in the last few years, you should consider a lighting audit because advances in lighting technology, especially through LED’s, may provide new opportunities to save.
The Right Retrofit Solution
Upon completion of your lighting audit, PricingEnergyEfficiency.com will present you with options for improving your lighting. Retrofit solutions commonly involve upgrading incandescent and fluorescent light fixtures to more advanced and lower maintenance LED ones. Additionally, solutions can include the incorporation of lighting controls, including motion sensors, and adjustments to light color and intensity based on operational use. PricingEnergyEfficiency.com also offers each solution with flexible payment options that range from no investment service contracts to full equipment purchases so that every facility can benefit from more efficient lighting.
Shared Savings
Operating Lease
Lighting upgrades may also be obtained through an operating lease. Leases typically last less than 5 years. Your energy savings will often cover much of the lease expense over the term of the lease.
Outright Purchase
Your facility may also choose to purchase and own the lighting upgrades outright from day one. This option allows your facility to take advantage of available tax incentives which give lighting retrofits relatively short ROI times.
Maximizing Your Savings
Working with PricingEnergyEfficiency.com to upgrade your facility’s lighting will ensure that you receive the maximum amount of savings and the quickest return on your investment. This includes helping you take advantage of available utility rebate programs, federal tax benefits, such as 179D tax reductions, and receiving compensation for your Negawatts from Regional Transmission Organizations (RTOs).
Our extensive background in energy procurement has also taught us that changes to your lighting will not only impact the amount of electricity you use, but it will also impact many other components that impact your electricity costs including demand charges and your peak load contribution (PLC) number. We quantify these things for your facility allowing you to make the most informed decision possible regarding lighting.
HVAC / Refrigeration / Coolers
Replacing a HVAC, Refrigeration/Cooler system can be costly and often tiresome process, disrupting business earnings over extended periods of time. Unfortunately, never knowing when you need your equipment replaced can be frustrating, and it’s only a matter of time when you’ll need too. Equipment normally has a lifecycle of twelve to fifteen years, which is why retrofit programs are so important. Retrofit projects replace or add equipment to existing or older systems. They improve energy efficiency, energy output and extend the lifecycle of the existing system.
Below are five benefits when planning a HVAC, Refrigeration/Cooler retrofit program and saving money.
Avoid Costly Emergency Repairs
Upgrade or Retrofit your HVAC, Refrigeration/Cooler equipment during a scheduled preventative maintenance program; to prolong the life of your equipment.
Avoid Disrupting Business / Lose of Sales
Unforeseen repairs or replacement expenses can cut into your profits. You risk dissatisfying employees, customers and losing business.
Control the Timing of Your Spending
Lower Energy Costs with High Efficiency Upgrades or Retrofits
Maintain Detailed Records
Ensures ALL services and upgrades are performed in a timely manner, so the system runs efficiently, without unforeseen issues, leading to lost business and revenue.