LED Lighting and Controls Upgrade for Premier Members Credit Union

Premier Members Credit Union in Broomfield, CO, underwent a comprehensive LED lighting transformation in their 3-story office building. This project involved the installation of 898 new LED fixtures, with over half equipped with intelligent controls, including occupancy sensing and daylight harvesting.

Cost:

The total project cost amounted to $147,346.75, but with rebates factored in at $26,868.10, the net cost for Premier Members was a competitive $120,478.65. The investment demonstrated a remarkable just-over-3-year payback period, with annual operating savings (energy and maintenance) of $27,639.

Beyond immediate benefits, the upgrade future-proofed the building against upcoming lighting ordinances, and the project boasted an impressive 26.85% internal rate of return. Moreover, Premier Members qualified for the federal 179D tax deduction, amounting to an estimated value of $29,223, thanks to meeting the minimum 25% energy reduction criteria.

This LED lighting and controls upgrade not only enhanced efficiency but also positioned Premier Members Credit Union as a forward-thinking institution, reaping both immediate and long-term financial rewards.