Fred Davis runs a company in town that specializes in supplying lighting products. Fred is both extremely knowledgeable about how to save energy and about lighting products. Fred presented to the Energy Committee at a recent meeting on the savings the town could affect by buying our streetlights and installing LED fixtures.
The town can get a 3.6 year payback on the cost to buy and refit, then we save almost $20K/year going forward. The maintenance contract cost was not known, but is guessed to be about $5K/year.
Additionally, one gets a better and therefore safer illumination for all residents.
This was Fred’s analysis –