Statistically speaking in the US 79% of companies in 2015 have suggested that the reduction of electricity cost is essential in reducing expenses and staying financially competitive. Interestingly, recent research from three economist, tow from hazard and one in the London school of economics attempted to find out the truth behind this relationship of profit and sustainable energy management. The researchers asked 90 companies all operating in the same sector and of the same size and capital power. 50% of the companies instilled a sustainable energy strategy with a look at long term investment and 50% didn't. The results showed that those who did would see their $1 (£0.63) invested turn into $22.60 (£14.33) in a 16 year span in comparison to $15.40 (£9.76) for companies who failed to do so.
Specifically speaking the the telegraph posted an article written by Richard Evans (11 Apr 2014) suggesting that LED light bulbs can save a costumer £240 a year. It also has the capability of paying for itself after just 5 months.
LED bulbs are 10 times more efficient than your standard filament bulb and has the ability to change light into electricity more efficiently. This is showcased by the difference in the amount of wattage needed to operate the lightbulb. For an example a master LED spot MV value bulb only uses 4.3W and is equivalent to 50W.
LED lighting solutions and energy management control systems are new technologies that can be easily installed and can dramatically reduce your expenses. This will have an influence in your financial capability and ultimately increase your profit.
Making LEDs a smart investment
This blog post was adapted from:
Deloitte reSources 2015 study; Energy management passes the point of no return
the telegraph 11 Apr 2014; Richard Evans.