Step 1: Compute the total power (kilowatts, kW) saved by upgrading older Bulbs to energy saving LED replacements
Step 2: Compute the total energy (kilowatt hours, kWh) saved annually by performing this upgrade
Step 3: Compute the total energy cost savings per year
Step 4: Compute the lifetime energy cost savings
Step 5: Simple payback on energy consumption
Step 6: ROI Step 7: Compute the lifetime labor/inventory/acquisition costs savings from upgrading to longer life LED replacements
Step 8: Compute the amortized bulb changing cost savings per year
Step 9: Simple paypack on energy consumption plus replacement cost
ROI on investment |