Reduce your energy expenses—indoors and outside. One of the biggest variables in determining how much you can save with LED lighting is the number of hours the lights are used per year. Interior common areas are usually on 24/7, and exterior lights can be used for over 4,000 hours per year. In both cases, converting to LED lets you keep more money by paying less to the utility company.
Upgrading to LED can also greatly increase your CAP rate. In 2019, one of our multi-family clients was able to add $60,000 to the selling price of their property because reducing their operating costs made their listing that much more attractive. All of that happened because of their LED investment and subsequent savings. That bump in the listing price alone more than covered the cost of the new LEDs themselves.
Save thousands on lighting maintenance. We’ve found that the average yearly expense for labor and bulb replacement is over $25 per unit. Your community managers and maintenance crews will be able to manage tenant repair requests more effectively when they aren’t constantly fielding messages about lights being out.
That boost in efficiency can increase tenant satisfaction—and you’ll be able to save even more money by reducing your bulb inventory. We can help you create an LED solution for just about any fixture you can think of. Standardizing those lights also makes future replacements easy. Whether we need to tweak your current products or start from scratch, our team of lighting experts will help you find the perfect look for your property.
LED lighting improves brand photography. You’ll often hear us saying that quality commercial lighting is the essentially the lowest hanging fruit for facility upgrades. Just check out the before-and-after pictures on some of our multi-family projects. Changing the lighting can have a dramatic effect on the overall appearance for your site. That’s why we’re happy to offer drone shots to our clients at no additional cost once the install is complete. Consistent lighting elevates the aesthetics and consistency of your brand. And images of your updated light fixture are a great asset for your marketing materials.
What’s more, designers, community managers, and maintenance crews all benefit from having the same type of bulbs across your portfolio and brand. From common area lighting to each unit’s sconces, porch lights, and bathroom fixtures, streamlining your lighting investment (and getting energy savings along the way) is a win-win for everyone.
We’re also a great teammate for clients who want to manage LED upgrades in a DIY-style. Let’s save you the most money on high-quality products. Getting a little bit of help from LED Indy can help ensure the end result is both cost-effective and just what you’d imagined.