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Vacancies cost money. And these days, tenants expect LED lighting and efficient fixtures in their homes. Making the switch to LED lighting can encourage renters to renew their lease and stay with you longer. Because who doesn’t want a lower energy bill? Whether for indoor and outdoor projects, new LED installations help everyone cut back on their utility expenses.
– Stay competitive with LED lighting
– Energy-efficient for new cost savings
– Custom interior / exterior solutions
– Smart upgrades and safer communities
– Better marketing for your facilities
Facility upgrades can help attract new people to your spaces. Often, lighting is the most cost-effective solution. What’s more, exterior lighting upgrades work to discourage vandalism and help people feel safe both night and day. Work with our team, and we’ll start with a free Energy Savings Report to show you how LED lighting will make more financial sense for the long-haul.
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.
Lighting Supply Partnerships with LED Indy
Some property owners want to manage the LED installation process on their own. And that’s no problem with us. We just want to help you save as much money as possible. Let us collect some details on your property, and we can work to get you the best deal on your lighting supplies. We’ll even work to identify the available rebates through your area’s energy provider!
Multi-Family LED Lighting: Case Studies
Investment Firm Converts Properties to LED Lighting
This multi-family community in Louisville, Kentucky has 400 units that were due for lighting upgrades. The ownership group came to LED Indy to save the most money possible.
We help clients nationwide.
Let’s improve your site!
Our team installs LED lighting throughout Indiana and the surrounding states. We can even design certain LED projects remotely. Ready to take the next step?