Orion Energy Systems (Orion Lighting), LED lighting and energy project solutions provider, and Arizona based energy solutions firm BC Energy Solutions, announced that they have completed US$4.9 million in LED lighting upgrade projects across nine states in the U.S. funded in part by helping clients secure nearly US$1.3 million in electric utility rebates from October 2018 to March 2019.
The rebates provide added financial incentives for companies to prioritize their investment in converting to LED lighting systems and controls. In aggregate, the utility rebates amounted to over 26% of the total installation costs of the projects. Customers included a diverse base of businesses including manufacturing, paper production, grocery distribution, aircraft maintenance, auto parts, medical supplies, trucking and logistics.
These customers were drawn to Orion and BC Energy Solutions because they recognize the benefits of LED lighting, which consume 50% to 70% less electricity to deliver the same or superior illumination. Some of the companies were also attracted to Orion's IoT smart lighting controls which can provide both lighting control options (such as occupancy, daylight, or schedule control) and data collection capabilities for facility managers to analyze other areas of their operations.
With a useful life of 10-20 years, the companies will realize a return on their investment from these LED lighting projects within three to five years.