Simon Property Group, the country's largest shopping center owner, developer and manager is taking advantage of the tremendous energy savings that can be realized by retrofitting their lighting with LED lights. It has retrofitted nearly 650 carts and kiosks in 29 malls from New Jersey to New Hampshire with energy-efficient LED lamps.
Simon decided to replace the haolgen reflector lights that were used in the self-standing carts and kiosks with 5 watt replacement LED lamps. "While providing the same high-quality lighting that Simon mall shoppers have come to expect, the Lighting Science Group energy-efficient LED lamps will reduce energy consumption by 85%, save over 1.3 million kWh of electricity, annually, and will have a positive impact on the environment by avoiding the emission of 944 metric tons of CO2," said George Caraghiaur, VP energy services at Simon.
It’s expected that Simon will also realize an immediate positive impact on its bottom line, with an annual operational savings of over $250,000 and a payback in 10 months, according to Zach Gibler, CEO of Lighting Science Group.
The energy-savings calculation for the retrofit is based on replacing 10,000 35-watt halogen lamps with 5-watt LED retrofit lamps operating 12 hours/day at $0.15/kWh rate. Maintenance savings has also been included in the payback analysis.
RedBird LED based in Atlanta recently announced new LED Tube lighting that offer retailers opportunities to save energy and maintenance costs. For more information please visit their website at www.redbirdled.com
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