Portfolio Lighting Retrofit
A California-based Real Estate Agency was interested in finding the best use of their capital improvement fund that could breathe some fresh air into their well-established portfolio of commercial properties. With the real estate market always being hyper-competitive, this firm was looking for a way to make their properties stand out from the masses and increase in value while reducing the overall operating expenses.
Looking for a forward-thinking, environmentally driven partnership, this agency reached out to STS due to their extensive work with similar types of portfolios. To date, STS has completed numerous energy conservation measures (ECMs) across the entire real estate portfolio. The STS strategy based on their all-encompassing experience has proven that the upfront investment and implementation of energy-conscious practices have yielded a higher rate of return.
This real estate firm needed a partner that could manage a rollout to many different types of properties, that all used energy differently.
A project rollout strategy was created by STS to address 23 separate facilities. Over a six-month period, each facility was redesigned and retrofitted for this new efficient lighting plan.
•$165k in rebates applied to the overall project.
•$587k in annual savings.
•Increased safety and comfort.
•ROI of only 18 months.
With the significant annual savings realized from the lighting projects, this organization now has funds available to move forward with other energy-saving projects.