Genesis LED Solutions （GLS）， based in Plano, Texas, has been approved by Raleigh, North Carolina-based Progress Energy, to become a Trade Ally within their Energy Efficiency for Business Program. Progress Energy's customers based within the Carolina's service area who are seeking to replace fluorescent and/or metal halide based lighting systems with energy efficient LED-based alternatives, can now easily locate GLS via Progress Energy's Trade Ally website.
“LED-based alternatives are today providing customers with lighting-related energy consumption savings in commercial and industrial facilities”, says Paul Chintapalli, GLS's Founder and President. “Companies who have been reluctant to consider LED-based luminaires should rethink their decision given the current availability of quality luminaires, energy company rebates, and tax credits. The combination of these factors in addition to a significant reduction in annual maintenance costs, typically results in return on investments （ROI） of 3.0 years or less in most applications,” stated Chintapalli.
Cost-savings from incentives for energy-efficiency improvements vary by project. In one case study, a North Carolina Progress Energy customer completed an extensive lighting retrofit and replacement project that consisted of 400-watt metal halide lamps for a 900,000-square-foot property. The energy incentive shaved over $130,000 off their original project cost, and the company gained a projected savings of $115,000 per year. Without the energy incentive, the ROI would have been a respectable 2.75 years, but with the incentive, they realized an impressive payback period of 1.62 years!
It pays to save energy! “There may never be a better time to replace outdated and expensive lighting fixtures,” concluded Chintapalli.