by Nicole Michaud
14 October, 2015 03:50
Last week we introduced the topic of Total Cost of Ownership (TCO) for lighting. In the post we showed a simple equation to calculate the TCO of a bulb. The cheaper or less expensive upfront cost of a bulb may not always be the best option in the long run. Factors including the wattage, kWh rate, product cost, rated life, are all considered in your cost of ownership.
There are other ways to save when considering a switch to energy efficiency lighting such as LED. In addition to your long-term cost savings, utility sponsored rebates are an excellent way to reduce your upfront or initial costs- further reducing your Total Cost of Ownership.