You may have heard about LED lighting in the news recently. There are several cities around the country converting their street lights to be LED street lights. No more metal halide or high power sodium bulbs. As you would imagine these types of streetlights need to be quite powerful to light up the blacktop 25 feet below the pole. Sure enough they are bright! 
So what about LED lights on your property in the common areas that you are paying the electricity on? Well such replacement bulbs exist and they make CFLs look bad.
There are two types of LED bulbs; high power and low power. You have most likely only seen low powered bulbs which hardware stores and Costco try and sell. The problem with low power bulbs is that they do not give off enough lumens, light. High powered bulbs do exist and are fantastic. Visit www.standard-led.com to view great options for your property.
You may be thinking that the high powered LED bulbs are too expensive. Not true, $40 to $60 each.
When you factor in the length of time your lights are on, the replacement cost of incandescent and CFLs, the cost of electricity, and the low wattage LEDs consume you will appreciate the power of LEDs. Look at this real example.
Dave F. of Los Angeles, CA, purchased 177 LED bulbs for the common area of this 125 unit complex in Orange, TX.
He replaced 65 watt incandescent bulbs with 6 watt LED bulbs. This measured a savings of over 90% on his utility bill for the portion dedicated to lighting. This positive changed saved Dave F. $37.18 PER BULB per year starting in year 1. At an 8% CAP rate Dave F. raised the value of his property by $82,261! ($37.18 X 177 =6,580.86 ÷ .08 = $82,261)
How much did it cost Dave F. to replace the bulbs? Answer: $9,549. With the energy savings that the 6 watt bulbs save, Dave F. will experience an ROI on the LED bulbs in 1 year 3 months and 25 days. This assumes that the common area lights are on for 11 hours a day. As the cost of electricity rises he will find his investment to have an even higher rate of return.
As an added benefit, high power LED lights last for 50,000 hours, so Dave’s maintenance staff does not have to purchase and replace bulbs for the next 12 years 5 months and 13 days.
Spending $9,549 to save $6,580 annually for the next 12+ years and raise the value of his property at an 8% cap rate to $82,261 is not just a good financial decision it is smart!
(Scott Yahraus is the president of Apartment Energy Consultants. Apartment Energy Consultants is the governing body that certifies multifamily properties as being “National Green Apartment Certified visit them at www.GreenRetrofitter.com
I have looked with interest for a discussion about part of the stimulus legislation which adds a large sum of money for the Weatherization Assistance Program administered and allocated to states from the Department of Energy. The funds are then allocated by the states to local governments and nonprofits that oversee the commitment of funds for a community assistance program.
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The Harris COmpany, REA/C
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Make your house or property presentable from every angle. It is important that you clean up your home on the inside and the outside. You don’t want people to come in to look at your home only to find that it is a mess. Cleaning can be a lot of work, but a necessary chore if you want it to sell fast.
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I love the flexibility of LED lighting when used with a property. It gives people so many options to create great looking effects.
Do not buy led lights from LEDlight.com they do not last I bought 2 for about $50 each and neither lasted more than 6 months. They will not take back even though warranty is for 12 months posted on web site. they say warranty only 3 months. bulb type is “47856 8 1/2 Watt 54 Super Flux (3 Chip) L.E.D. Light Bulb”
I agree, Led lights are awesome, it really produces great effects!
-James
LEDs are the lighting of the future- I do a lot of lighting planning and LEDs are more often used every year. It seems as though they can do EVERYTHING
The only problem is that they heat quite a bit. Hope they can solve that issue in the future.
Yup these LED lighting are very beneficial for our country growth and also they provide light in great area and also they last long for years
I am currently installing LED lighting around my house. I’m really looking forward to when it’s all finished.
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