Have you been thinking about investing in LED lighting for your Central Valley Rental Property?
LED Lighting is a smart energy efficient upgrade that you can make for your rental and something you should consider especially if you have an older rental property and want to stay competitive with other rentals in the Central Valley.
About LED Lighting
LED lights are brighter, so you’ll need fewer fixtures for the same amount of light (and, unlike CFLs, they don’t need to “warm up” when they are first turned on).
High-quality LED bulbs recoup their own costs in energy savings in as little as 3 years, according to research from Portland Electric and Energy Tax Savers.
In common areas, where lights may need to be on 24/7 for security and safety, you may save 10s of thousands on electric costs. LED bulbs have a life of up to 50,000 hours (that’s nearly 6 years of constant use).
Recent property management case studies have revealed a cost savings of up to $25,000 a year, representing a 35% reduction in energy use.
Save on maintenance costs: LEDs that are left on for 8 hours a day may last as long as 17 years. That’s fewer light bulbs and less labor.
You may qualify for a tax deduction of up to $1.80 per square foot, if your building was put into service before 2016, if it’s higher than 4 stories, and if you can prove it will save you at least 50% on energy costs.
Smaller deductions are available ($0.60/square foot) if you don’t expect to save as much as 50% on energy costs.
A bonus 8th reason is that CFL bulbs, while energy efficient, contain mercury, which is dangerous if the bulb is broken or disposed of inappropriately. You’ll save your maintenance workers and residents a lot of stress with bulbs they barely ever need to change, and are safe for them to handle and dispose of on their own.
Get Property Management Here
For Central Valley Property Management contact RPM Central Valley today by calling us at (209) 572-2222 or click here to connect with us online.