LED Street Light Costs $99, Uses 65% Less Energy
Cree says its new XSPR LED residential street light consumes 65 percent less energy than high-pressure sodium fixtures up to 100 watts. At an initial cost as low as $99 for common applications, the street light can deliver payback in less than one year for municipalities and cities. The payback is calculated against high-pressure sodium and based on municipal usage of 12 hours per-day and the national average of $0.11 per kWh electric costs.
The 25-watt and 42-watt XSPR street light is designed to replace up to 100-watt high-pressure sodium street lights.
According to Dan Howe, assistant city manager for the City of Raleigh, NC, street lighting is the city’s largest single energy-related cost.
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