Like Others in Corporate Real Estate, LEDs Save Condo Complex 80% on Energy Costs in First Month

A California condominium association has seen an 80% reduction in energy costs just one month after installing LED lighting.

Renewable Energy and Power, Inc. replaced old high intensity discharge (HID) lighting throughout the exterior areas of the condominium complex.

Federal and state legislation in the United States, together with alluring tax incentives, are paving the way for businesses — and consumers — to adopt solar and LED alternatives.

Even without soaring energy prices as a primary motivator, global corporations — and more specifically their real estate departments — are increasingly focused on achieving a state of zero net energy (ZNE) according to a report released earlier this year by CoreNet Global.

The report, The Future of Corporate Real Estate, outlined the strategies corporations are using to reach those reductions, including energy efficiency measures like retrofitting buildings with LED lights, improving water filtration systems and heating/cooling, and constructing buildings with more efficient systems in place.

Recently, the Delaware River Joint Toll Bridge Commission announced it will switch to an energy-efficient LED lighting system for its toll bridge sign, a move the commission says will be 20% more efficient with a 60% longer life.

In March, the Department of Energy upgraded to LED lighting in its Washington, D.C. headquarters in hopes of cutting energy use by 45%.

 

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