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Lighting Investment Valuation - A New Excel Tool for Lighting Upgrade Projects
As of April 30, 2017

Published on: 
January 26, 2015
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Category: 
News

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.