Cook Polymer Technology (CPT) participated in the Energizing Indiana and Duke Energy initiative by replacing existing high wattage lighting fixtures for more energy efficient fixtures. The program offers a one-to-one fixture replacement rebate, and the new fixtures give us a long-term savings on energy costs.
The exterior phase of the project consisted of replacing twenty-nine parking lot light pole fixtures and sixteen wall lights. The interior portion involved upgrading sixty-six warehouse fixtures. As part of the upgrade, each warehouse fixture was installed with a motion sensor that will turn off the light after thirty minutes of inactivity. Although not a part of the Energizing Indiana program, CPT also replaced floodlights with LEDs. We have already seen these improvements lead to savings in our parking lot and warehouse lighting energy costs by 77% and 56%, respectively.
All of the upgrades provide direct savings in energy costs; however, they also offer indirect savings. One area of impact is lower costs in maintenance repair due to the bulbs projected to last seventeen years. Another is in the reduction of energy needed to cool the facility because the new fixtures emit less heat.
The return on investment for this project will be less than three years. Combined with direct and indirect savings, we have a win-win situation. We’ve ensured that our facility is operating more energy efficiently. The lowered energy costs will be a benefit for us immediately, as well as into the future.