An LED retrofit is one of the easiest ways to pick the low-hanging fruit in facilities management and successful energy management. Traditional incandescent bulbs increase energy costs by producing both heat and light, with much of the energy consumed used and lost as heat. However, an LED retrofit transforms this energy-consuming issue into an energy-saving area. Of course, LED retrofitting of facilities is not without risk, so Facilities Managers need to know how to recognize this risk, reduce it, and overcome the challenges inherent in any type of upgrade to a facility.
Understanding the Risks of LED Retrofitting
An LED retrofit is an easy way to reduce energy costs and streamline a company’s commitment to sustainable practices. However, it does include some risks.
For example, the Energy Policy Act of 2005 required lighting retrofits to include controls with more than just two settings.
The traditional on and off settings fell short of the tax deduction minimum requirements in the law. As a result, companies must look for additional ways to boost use, like dimmable lighting switches.
Another key risk of LED retrofitting includes the quality of the building and its infrastructure, especially wiring. Older wires increase fire risk, and when repaired, local code regulations may require an upgrade of the entire wiring system at the time of any upgraded lighting fixtures. As a result, a minor LED retrofit could quickly become more expensive than anticipated.
Successful LED Retrofitting is a Long-Term Cost-Saver
A successful LED retrofit will enable cost savings from both reduced energy use and replacement of lighting fixtures and bulbs. Depending on the size of your portfolio, an LED retrofit could result in cost savings of nearly $1 million within 10 years, and that is with a modest, 10-story office tower, as explained by Buildings.com.
The key to managing sudden spikes in the cost of retrofitting and still obtaining ROI lies in working with a national, managed service to help with the process. This allows for the immediate scalability of a project and minimizes the impact to building occupants.
How to Make LED Retrofitting Successful
Integral steps to successful LED retrofitting, says Lindsay Audin of FacilitiesNet, include:
- Identify your facility goals, like achieving ROI the fastest, reducing reliance on nonrenewable energy or meeting local, state, and federal energy codes.
- Identifying risks problem areas, like aging building infrastructure, cost to repair, and budget limitations.
- Gaining C-Suite buy-in by promoting the ROI and savings possible through LED retrofitting.
- Streamlining the retrofit with a vast network of facility field service vendors and reducing the workload during retrofitting.
Kickstart Your Organization’s Facility Management Overhaul With Successful LED Retrofitting
More than 25,000 commercial buildings have achieved ENERGY STAR status by the U.S. Department of Energy at the end of 2015. This status demonstrates a commitment to sustainable facility practices and a conscious effort to reduce reliance on nonrenewable energy resources. Moreover, such commitments dramatically reduce operating costs in commercial buildings. A successful LED retrofit would allow your organization to reduce capital spend in facilities management and build brand value. Plus, it can have widening benefits for increasing sustainable in your organization. Visit QSI Facilities online or by calling today.