- See the List of ELECTRI Council Members
- See the Schedule for ELECTRI Council Meetings
- Review Completed Research
- Receive Request for Research Proposals
- Apply for Research Funding
- Apply for an Early Career Award
- Make A Contribution to ELECTRI
- Learn More About the Talent Initiative
- Enter the Green Energy Challenge
- Learn About International Student Passport Program
- Go to the Next Cross Border Meeting
- Find a NECA Student Chapter
- Start a NECA Student Chapter
- Get My NECA Chapter Involved with ELECTRI
- Apply for the Wendt Scholarship for NECA Chapters
- Apply for a NECA Student Chapter Faculty Stipend
- Apply for a NECA Student Chapter Scholarship
You are here
Lighting Investment Valuation - A New Excel Tool for Lighting Upgrade Projects
As of March 26, 2017
January 26, 2015
Within the retrofit market, the energy-efficient lighting sector is growing rapidly. Building sector revenue from energy-efficient lighting upgrades and lighting control systems will grow from $1.7 billion in 2013 to $5.3 billion in 2020.
Through a partnership created by two ELECTRI Council members - the Atlanta Chapter NECA and Lutron Electronics Company, Inc. - ELECTRI International funded an Early Career Award with Baabak Ashuri from Georgia Tech to develop a business feasibility analysis tool capable of calculating related financial measures (e.g., Project Cost, Rate of Return, Payback Period, and Net Present Value) for lighting upgrade projects and presenting these investment information items to the client in an easy-to-understand visual platform.
The major outcome of the newly-developed automation tool is a one-page electrical upgrade proposal for the subject building. The established interactive platform in the tool helps the electrical contractor try various upgrade configurations for the project and select the option(s) that best meets the financial constraints of the owner.
The project report from is available for download at http://www.electri.org/research/live-c-lighting-investment-valuation-electrical-contractors.
ELECTRI International makes no claim to the Intellectual Property or any product rights derived from the investigators’s work.