This is one those “green” initiatives we hear a lot about but might not fully realize the full impact the right kinds of lighting products can have on your bottom line. Traditional light bulbs are horribly inefficient compared to today’s energy-saving bulbs.
These bulbs are ten times more efficient than incandescent bulbs. This translates to getting the same amount of illumination at a tenth the cost. The tradeoff for this type of technology comes in the up-front price. LED bulbs run approximately $35 per bulb, which can certainly add up to a substantial amount at one time. However, these bulbs also last 40-50 years before they need to be replaced, so that means they’re about $0.70-$0.88 per year.
Compact Fluorescent Lamps (CFL)
These bulbs are roughly seven times more efficient than traditional incandescent bulbs and come in at a fraction of the price of LED bulbs. At roughly $4 per bulb, the ten-year lifespan comes to just $0.40 per year.
The savings on monthly utilities alone makes switching to the most energy-efficient bulbs and lamps you can afford a savvy financial move and a great way to green-up your company.