LED Lighting Upgrade
$82,000
72%
$64,300
Project Overview
An LED lighting retrofit at a multifamily property in Paterson, NJ cut lighting energy use by 72% and saves about $64,300 a year, with PSE&G rebates covering 96% of the project.
Common areas in a multifamily building stay lit around the clock, which makes them ideal for LED. Albright upgraded the property lighting, coordinated the rebate and kept disruption to residents low.
energy savings
payback period
0.3
months
PROJECT HIGHLIGHTS
252 fixtures upgraded to LED
371,000 kWh saved per year, a 72% reduction in lighting energy
About $64,300 in annual energy and maintenance savings
$1,484 customer out-of-pocket cost
Payback in 0.3 months (under one month)
Rebate covered 96% of the project through the PSE&G Prescriptive Program
Turnkey delivery by Albright: audit, design, rebate paperwork, installation and closeout
KEY RESULTS
72% lower lighting energy use; 371,000 kWh saved per year; about $64,300 saved annually; 252 fixtures upgraded; $1,484 out of pocket; 0.3-month payback; rebate covered 96% of the project (PSE&G Prescriptive Program).
FREQUENTLY ASKED QUESTIONS
How much did the multifamily property pay for the LED upgrade?
The customer paid $1,484 out of pocket. Rebates from the PSE&G Prescriptive Program covered 96% of the project, and Albright handled the rebate paperwork.
How much energy does the new lighting save?
About 371,000 kWh per year, a 72% drop in lighting energy use. That is worth roughly $64,300 a year in energy and maintenance savings.
How long is the payback?
0.3 months, based on the out-of-pocket cost and projected annual savings. The project paid for itself in less than a month.
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