Many businesses are now adopting LED lighting to save energy, and the New York Marriott at the Brooklyn Bridge is one of them. They switched to LED lighting in their parking garage, with fantastic results.
By reducing the fixture wattage from 175 to 44, the savings is an outstanding annual $230 per fixture. With 375 fixtures, the annual savings is $86,250. Over the 60,000 hour 7 year life of the LEDs at 24/7, the lifetime energy savings is $603,750. With historical 3% average annual increase in energy cost and reduced bulb replacement and maintenance labor, the savings is closer to $700,000. This project also earned a major $68,000 NYSERDA energy rebate, bringing the payback to under a year and a half and the ROI to over 70%.
See the full report HERE.