Savings Calculator - ITC Cruise LED Lighting Systems

Fill in the form below to calculate your savings by switching to LED from incandescent, fluorescent or halogen bulbs. Results will show to the right or below depending on the device you are using.

Number of existing lights to be replaced

bulb(s)

Existing lighting specs

Wattage: Watts

Price per bulb: USD

Lifespan:

Average Lifespan of incandescent bulb: 750~1,250 hours
Average halogen: 2,000~2,500 hours
Average fluorescent: 1,000~2,500 hours
Average HID: 5,000~24,000 hours

LED replacement or retrofit

Wattage: Watt(s)

Price per bulb: USD

Lifespan:

Energy rate:

The average retail price of electricity in the U.S in 2013/14 was 10.9¢/kWh.
(accd to US Energy Information Administration)

Average prices by type of utility customer:
Residential: 13.16¢/kWh,
Commercial: 11.09¢/kWh,
Transportation: 10.54¢/kWh,
Industrial: 7.38¢/kWh

Hours of operation

Other factors (optional)

Maint/Labor cost for relamping:

Results

Number of existing lights to be replaced by LEDs: 1 bulb

	Existing	LED
Initial bulb cost	$1.00	$50.00
Wattage	75 Watt	9 Watt
Electricity cost (10¢/kWh)	$32.85 per year	$3.94 per year

Life span (continuous use)	1,000 hours	30,000 hours
Life span when used for 12 hours a day, 7 days a week	2 months 22 days	6 years 10 months 5 days

Number of times existing lights will be replaced each year	4.38 times	–
Number of times existing lights will be replaced during the LED bulb’s life span (6 years 10 months 5 days)	30 times	–
Cost of bulb replacements each year ([light cost] × [Number of replacement per year])	$4.38	–
Annual labor cost of existing light replacement ([Labor cost per light] × [Number of replacement per year])	$0.00 per year	–

Total Annual Cost ([Cost of light replacement] + [Electricity] + [Labor cost])	$37.23 per year	$3.94 per year (same as the annual electricity cost)

Total Cost (after 6 years 10 months 5 days)	$256	$77

Total Savings with LED bulb (after 6 years 10 months 5 days)	$256 − $77 = $179

Break-even Point (The amount of time necessary to save as much money as you invested initially)	1 year 5 months 20 days