14B — March 24 - April 13, 2017 — 2017 Walter R. Cohn, Esq. Memorial EXPO — Owners, Developers & Managers — M id A tlantic Real Estate Journal www.marejournal.com 2017 W alter R. C ohn , E sq . M emorial EXPO
By George Crawford, Green Partners How to jump start your LED Retro-Fit project
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f your building has not already upgraded to LED lighting, this article HowWould You Like To Receive LED Energy Savings Like This? will include replacing the newer, more energy efficient fluorescent products such as CFLs. It is also important to note that with today’s LED lighting quality, name department stores as well as museums and galleries are now converting to LED. These are users that require a very high quality of light- ing, where second best solu- tions are not an option. So start with the premise that there is a quality LED light- ing solution for your project. The purpose of this article is to help you achieve that suc- cessful LED lighting solution. George Crawford may be help- ful in terms of develop- i n g y o u r own plan for a LED retro- fit. While it i s a g i ven t h a t LED retro-fits will save money on energy con- sumption as well as mainte- nance costs, it is important to understand that the amount of savings can be very signifi- cant, even when the retro-fit The starting place, as with most projects, is a spread sheet or a model. For this projection, you will need an accurate measure of your ex- isting lighting configuration, including annual electric con- sumption, purchase costs for lamp replacement products as well as maintenance costs in connection lamp replace- ments. This is the “before”, the “benchmark” that you will use to measure the cost effectiveness of any proposed LED retro-fit options devel- oped for your project. For the “after, you will need to include the specifics relating to each LED product selected - cost, energy consumption, anticipated useful life, war- ranty information, Energy Star designation - or not, funding availability and an- ticipated lamp maintenance. With this “before” and “after” information, you will then be able to compare the amount of energy and the annual cost to operate and maintain your existing lighting as compared to the projected costs of operat- ing and maintaining your proposed new LED lighting retro-fit. It should be noted that the preparation of your
“spreadsheet” will also re- quire knowledge of currently available LED product best suited to replace your ex- isting lighting, the ability to determine the installed cost of the proposed replace- ment LED product as well as the amount of funding that would be available for your project, including financing options. In terms of developing a retro-fit plan with accu- rate projections, you should consider working with a knowledgeable LEDLighting Consultant, who will not only be able to source available utility funding for your proj- ect, but will also have access to software in order to model the “before” and “after” sce- narios of your project. To start your LED Retro- Fit on the right track, contact us for a free feasibility study and project model at no cost or obligation. Go to our web- site www.GreenPartnersNY. com and complete the “Con- tact Us” form. We will con- tact you to get your project going on the right track. George Crawford is principal of Green Part- ners in New York, NY. n Guidelines to property improvements . . . For example, the owner of a farm has several out-build- ings which were not used on a regular basis and fell into a state of disrepair. The owner restores the out-buildings by shoring the walls and replac- ing siding, making it fully functional. Adaptation of a unit of property is altering it to a new and different use which differs from the original use at the time the taxpayer originally placed it in service. For example, the owner of a manufacturing building modifies the building struc- ture and systems to convert it into a showroom. This framework for capi- talization requires a detailed analysis of a taxpayer’s facts and circumstances. A thor- ough cost segregation study can help landlords take full advantage of these tax sav- ings. Eli Loebenberg, CPA is CEO of Madison SPECS. n continued from page 13B
Cost of LED Product Installed - $56,600.00 Annual kWh Savings 78,132 Annual Savings (based on .24 rate) - $18,751.00 Return On Investment - 2.7 years LED Products Carry a 7-10 Year Warranty
LED Product: With recent advancements, the "one for one" lamp replacement - an incandescent A19 lamp replaced by a LED A19 lamp of lower wattage is old news. "The smart move is to utilize the latest LED "engines" such as TerraLUX. The advantages are 1) Less labor and material costs, 2) Faster payback because there will be more energy saved, and 3) A longer useful product life – 70,000 hours with a 7 year warranty. LED Retro-Fit Payback Timelines: If your LED Retro-Fit will include the replacement of both incandescents and fluorescents, the combination of the energy savings and the funding will result in a payback of about two year’s time.
954 Lexington Avenue * Suite 320 * NewYork, NY 10021 For More Information Visit www.GreenPartnersNY.com or Contact George Crawford, Principal at gcrawford@greenpartnersny.com
To Get Your Project Started, Contact Us Today For A FREE LED RETRO-FIT FEASIBILITY STUDY CALL TOLL FREE 800-595-1094
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