The switch is on! Many consumers, have started looking at their lighting a bit differently these last few years, and we have too. The incandescent bulb was inexpensive to buy, but wasn’t cheap to run, and didn’t last long. CFLs (compact fluorescent lamps) are a step up since they use less energy and last longer than incandescent lights. Yet, LED (light-emitting diode) technology offers even more energy savings and much greater longevity. So, I’m pleased to tell you that Extra Space Storage has taken the first step in the switch to interior LED lighting!
Putting Interior LED Lighting to the Test
We’ve added LED lighting from US LED to the inside of our first test property. Now that the switch is on (literally), we can begin to see the savings light up. It’s exciting to have a property that’s completely retrofitted to include LED lighting in all interior spaces, such as hallways. If I seem so excited about this switch to LED on the inside, why haven’t we made this change sooner?
While our retrofitted properties include exterior LED lighting, we’ve taken more time to switch to interior LED lighting due to the expense of the fixtures. Interior LED fixtures last much long than other lighting alternatives. That’s great news for lowering maintenance costs, but interior LED fixtures are still more expensive. Our tests will help us determine whether adding interior LED lighting to additional properties makes sense right now from a business standpoint.
Expected Savings from LED Interior Lighting
Our interior LED fixtures have a six-year warranty, but they may last up to 10 years. While the fixtures carry a greater initial investment, we’re estimating that the payback for adding LED may be as short as just two years! We also expect that the upgrade to interior LED lighting at our test property will help us reduce kilowatt consumption by 65 percent, and save up to $22,000 annually at the property.
I look forward to sharing more news about our progress on the interior LED lighting front. I’m hoping that soon, we’ll begin seeing things in a whole new, energy-saving light at many properties!
Have you switched any of your interior lighting fixtures to LED? Does the cost of LED make you hesitate to switch?