There are some really great savings when using solar-powered LED parking lot lighting.
The company saves a lot of time and money on installation. No wire has to run underground to the lights. Good money stays in your bank account just because it doesn’t have to pay for the wire. Even more money stays with you because you don’t have to pay an electrician to lay the wire. An additional benefit is the lack of a system of buried wires to deal with.
If a storm or accident knocks down a light, repair takes a lot less work. The electrician bills for a lot less time and takes a lot less time too. They do not have to find the breaker and shut down the outside lighting. They do not have to replace wiring, a job that can easily cost more than when they originally installed it. An added benefit is the fact that a downed pole carries no dangerous electrical charge.
Because LEDs use about ten percent of the power, the business owner would save a lot of money on power if it did tap the mains. Solar lighting uses zero watts of metered electricity.
There is nothing for copper thieves to steal. The business owner saves the cost of stolen copper, the cost of damage, and the cost of insuring against that damage. Call that a hidden saving. The business also saves on dealing with safety hazards caused by copper thieves leaving exposed hot wires.
In some areas there are also tax breaks and energy rebates for LED lighting, new and retrofit.
