SHINING A LIGHT ON SAVINGS WITH LED UPGRADES
A leading, global financial services firm effectively funded projects thanks to energy and operational savings, while meeting its energy reduction targets.
A global financial services leader needed to meet publicly stated energy reduction goals. The strategy for this had to be swift and ensure portfolio-wide adoption of efficient technologies on a rolling basis, without diverting time and money away from the core business.
Lighting represents the largest single use of energy in commercial buildings, closely followed by heating and cooling.1 With this in mind, LED equipment was installed and the energy efficiency upgrades were paid for over time, rather than upfront.
This meant the firm could effectively fund their projects through energy and operational savings, while meeting energy reduction targets at the same time.
Decreasing overall energy consumption can save money, lower emissions, and reduce reliance on fossil fuels, while efficiency benchmarks may even be required or incentivized by states, municipalities, or sustainability certifications like LEED.
Increasing efficiency is therefore a foundational step in preparing for the long-term energy transition. It certainly proved a “lightbulb moment” for this financial service firm, who can now expect:
Savings of $20,000/year