LED lighting products use light emitting diodes to produce light very efficiently. An electrical current passed through semiconductor devices designed to release photons of light at the semiconductor junction when electrons are reabsorbed after jumping the energy band gap in the semiconductor in a process known as electroluminescence. The economic benefits of LED lights are well known and include:
- Reduced electricity usage of between 50% to 90% compared to traditional incandescent and fluorescent lighting.
- Increased life expectancy of 5 to 7 years or more compared to 1 to 3 years for the traditional incandescent and fluorescent lighting.
- Significantly reduced heat output which lowers the cost of air conditioning in buildings.
- Reduced maintenance labor due to not having to replace bulbs and tubes as often freeing up your maintenance staff.
- Eliminates the cost of the new replacement bulbs and tubes.
- Significant utility company rebates for installing LED lights.
- Converting an existing building to LED lighting or installing LED lighting in a new building creates a compelling value proposition for the building owner.
- The economics of LED lights can result in recovery of the cost of the investment in less than one year in some cases.
- The return on investment (“ROI”) regularly exceeds 20% and can go as high as 50%.