Wednesday, June 6, 2012

Free Tool Helps Cities Assess Impact of Switching to LED Street Lighting

In February 2012, the U.S. Department of Energy’s (DOE) Municipal Solid-State Street Lighting Consortium released an economic cost-benefit analysis tool to help cities, as well as utilities and other organizations, estimate the costs and impacts associated with switching to light-emitting diode (LED) street lighting....

The new Microsoft Excel-based Retrofit Financial Analysis Tool, developed in collaboration with the Clinton Climate Initiative (CCI), is available for download at www.ssl.energy.gov/financial-tool.html. To use the tool, city leaders and other stakeholders can input the variables of their particular situations — such as the street-lighting technology they are currently working with, necessary quantities, projected phase-in period, local electricity and labor costs, local taxes, installation cost, loan interest rate and rebates — to generate a detailed analysis that lays out annual energy-cost savings, maintenance savings, greenhouse gas reductions and simple payback. To facilitate its use, the tool is accompanied by an instructional video and a sample analysis.