Provident Music Distribution
The Problem:
Like many warehouses that have been expanded and modified over time, the Provident Music Distribution building was lit with a mix of older lighting technologies such as Metal Halide and T8 and T12 linear fluorescents. In addition to being inefficient and requiring significant maintenance, these older fixtures lacked any type of dimming or motion control capability.
The Solution:
A total of 243 existing fixtures removed. These were a mixture of 400 watt Metal Halide and 2,3 and 4 lamp T8 and T12 linear fluorescent luminaires. They were replaced with a total of 132 EXITRONIX model TLED-528A linear high bays.
"By making the change from our existing metal halide lighting to LED, we were able to re-lease our building as soon as the existing tenant moved out and received a $.15/sf premium on the lease rate." says Randy Wolcott, President - Northstar Real Estate Advisors.
The fixtures were equipped with dimming capability and Wattstopper occupancy sensors to further reduce energy consumption.
By taking advantage of the energy savings, local rebates and federal tax deductions the overall ROI for the entire retro-fit is under 10 months, with an estimated $248,000 in energy savings over the next 10 years.
TLED 528 HighBay Cutsheet
Rebates Explained:
Energy Policy Act of 2005
Commercial Building Tax Deduction
The federal Energy Policy Act of 2005 established a tax deduction for energy-efficient commercial buildings applicable to qualifying systems and buildings placed in service from January 1, 2006, through December 31, 2007. This deduction expired 12/31/2017, but as it has been re-instated multiple times in the past, it will likely be re-instated again in the near future.
EPACT is a federal tax deduction of $0.60 per square foot and is available to owners of new or existing buildings who install interior lighting that reduces the building's total energy and power cost by 50% or more.
Energy Policy Act of 2005
Commercial Building Tax Deduction
When qualifying companies make an investment in energy savings through EnergyRight Solutions for Business + Industry, they may qualify for an incentive payment that will offset some of their costs. These incentives are available for companies that help reduce TVA's peak power demand.
Incentives help to offset the cost of implementing more efficient technology, reduce the project-payback period and also help business and industrial facilities to realize energy efficiency savings sooner.
