Energicity and the residents’ association conducted extensive trials to ensure that the potential savings were proven beyond doubt and also to ensure that the style of lighting, lighting controls, light levels and colour temperature met the clients exacting requirements. The client settled on group controlled dimmable LED lighting with Lutron wireless motion controls. The total annual savings (energy and repair / maintenance) were confirmed as £31,601 (figure 1). An ROI of under 2 years (Figure 2). We provided the client with a finance solution (detailed in figure 3)
Furthermore, figure 2 shows ROI being achieved in under 2 years, then providing a further £3,000 additional funds per month to utilise towards other projects within the building.
Energicity worked with the residents to ensure the style of the new fittings and lighting controls enhanced the communal areas and didn’t compromise on levels of light they were used to.
The project progressed with recommended lighting and controls and the finance model proposed. The funding option allowed clients to proceed with an affordable, completion payment, followed by 18 monthly payments, which were less than their monthly savings so immediately generated a positive net cashflow position.