Metal halide systems are very common types of commercial outdoor lighting systems. However, they may be costing you more money than you realize. That's because they are less efficient than higher-priced LED systems. As a result, it is often a good idea to invest in LED commercial lighting installation to improve the efficiency of your business's lighting scheme.
Why Improved Commercial Lighting Is Worth The Extra Cost
Outdoor commercial lighting is one of the biggest regular investments you make in your company. That's because they keep your business well-lit, which may help to keep burglars away. However, keeping you lights on all the time is going to cost you a lot of money. The exact amount that it will cost you will be explored in more depth later on here.
Therefore, it is a wise decision to find a financing option for high-quality LED lighting. These systems can replace your old-fashioned metal halide unit and provide you with a better overall lighting experience. More importantly, it can save you a lot of money. You are likely to be shocked at just how much these units can save you. In fact, it is likely to pay for itself in no time at all.
Metal Halide Systems Cost More Than LED
Metal halide systems were such a big deal for a long time because they were relatively inexpensive and efficient. For example, some types offered 88 percent efficiency that made them a great investment at the time. However, your company can now do better with LED lighting. These types of lights are designed to cost even less than metal halide to run.
For example, a study by Triple Pundit took a look at how much it took to run 1,000 metal halide lights versus 1,000 LED lights. They rated each of these lights based on how much they cost to run for an hour. They found that 1,000 metal halide lights cost $41.22 per hour to run versus the $21.06 hourly rate offered by LED lights.
So if you had 1,000 lights at your business and run your outdoor commercial lighting system on metal halide lights for 24 hours a day, seven days a week, and 365 days a year, you would be paying a shocking $361,087 per year in lighting bills. With LED lights, you would be paying a more reasonable $184,485 per year. That is a savings of $176,601 (nearly half the price) per year, or $14,716 per month. That kind of savings is too high to pass up.