At a Glance
Two commercial properties significantly reduced energy consumption and costs by upgrading their lighting systems, achieving savings of up to 72% in just one year.
Challenges
Outdated lighting systems resulted in excessive energy use and high operating costs.
Our Solutions
- Partnered with vendors and local programs to implement energy-efficient upgrades that reduced energy costs by over 65% and paid for themselves in approximately one year.
- Improvements enhanced property value by increasing tenant retention, satisfaction, and parking lot safety, ultimately boosting NOi.
- Rebates covered nearly half of the project costs, making the investment cost-effective.
Overall, the properties saw a combined reduction in energy consumption of 68.5%, resulting in substantial financial and environmental benefits.
Results
Property 1
- $20,799.00 1-year savings
- 72% energy reduction
Property 2
- $7,750.00 1-year savings
- 65% energy reduction
