Ask any experienced, licensed and reputable commercial electrical contractors in Toronto for advice on how your business can reduce overhead costs and boost your bottom-line, and they will point you towards light-emitting diodes — or as they are better known, LEDs.
Here are the three key ways that your business can benefit from an LED lighting retrofit:
1. Substantial Cost Savings
LED lights consume up to 75 percent less energy than traditional incandescent lighting. And since a study by the Fraser Institute confirmed that hydro rates in Toronto are the highest in Canada (not just Ontario!), this reduction directly translates into lower utility costs that can be anywhere from a few thousand dollars a year for small businesses, to well into the 5 and possibly 6-figures for larger multi-building organizations. In fact, the path to value is so short and the ROI so impressive, that the costs of hiring contracting companies in Toronto to complete an LED lighting retrofit easily pays for itself.
2. Minimal Maintenance
“When is someone going to change that burned-out bulb?” is a common complaint in many businesses. Not only is constantly replacing bulbs tedious and costly, but limited illumination even for a few minutes can present a safety hazard. LED lights last from 25,000 to 50,000 hours — or about 12 to 24 years if used for approximately 2000 hours a year. Compare this to incandescent bulbs, which have a lifespan of just 1000-2000 years!
3. Competitive Advantage
Businesses that reduce their environmental footprint are doing the right thing for their community, the planet, and for future generations. But there’s another reason why contracting companies in Toronto say that an LED retrofit is a smart idea: it’s profitable. Indeed, research by the Business Development Bank of Canada has found that “green marketing” (i.e. highlighting a business’s environmental leadership to prospective customers) can create a competitive advantage in the marketplace.
Learn More By Contacting Langstaff & Sloan
To learn more about the benefits of LED lighting retrofit for your business, contact Langstaff & Sloan today at 416.503.2033. Discover why we are one of the most trusted and respected commercial electrical contractors in Toronto.