Combining the Energy-Saving Technologies With Sensors Is a Winning Formula to Overcome High Capex and Long Payback Periods, Lux Research Says
BOSTON, MA--(Marketwired - Jun 18, 2015) - Integrated lighting technologies -- those that combine daylighting with light sensing and controls -- can achieve internal rates of return (IRR) of 24% and lead to gains of up to $27 billion in lighting energy costs, according to Lux Research.
Daylighting technologies deliver energy savings of between 90% and 95%, depending on weather conditions but have a high capex hurdle, with costs ranging from $10/m2 to $43/m2. But sensors are well under $1/m2 and help drive other savings, reducing cooling costs by up to 10%, extending the lifespan of lamps and reducing maintenance costs.
"For some daylighting technologies the payback is on the threshold of tolerance, at about five years, but for many others it stretches above 10 years or even 20 years," said Alex Herceg, Lux Research Analyst and the lead author of the report titled, "Investigating the Economics of Integrated Lighting Technologies."
"Consequently, technology developers need to look at additional benefits such as improved light quality and worker productivity, besides considering alternative financing schemes such as daylighting-as-a-service to drive adoption," he added.
Lux Research analysts studied the economics of integrated lighting and how it drives adoption. Among their findings:
The report, titled "Investigating the Economics of Integrated Lighting Technologies," is part of the Lux Research Intelligent Buildings Intelligence and the Sustainable Building Materials Intelligence services.
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Carole Jacques
Lux Research, Inc.
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carole.jacques@luxresearchinc.com