Energy Costs
Like any large facility, hospitals are looking for ways to lower energy costs. Lighting costs account for as much as 30% or more of the average hospital’s total energy expenses, according to HC+O News.
Lighting costs account for as much as 30% or more of the average hospital’s total energy expenses.
Why so much? As it turns out, many hospitals struggle when it comes to updating their infrastructure. A 2018 Health Facilities Management article pointed out that the median age of plant has trended upwards by nearly three years over the last two decades, meaning that hospitals are struggling to raise the funds needed to keep facilities updated.
For this reason, many hospitals still have outdated lighting fixtures like fluorescent, halogen, or HID/metal halide. These fixtures significantly contribute to their operating costs.
Age of Plant (AoP): A financial ratio that measures how well a hospital is keeping its facilities up-to-date. The ratio is calculated as accumulated depreciation over depreciation expense.
You can help hospitals out of this conundrum by clearly outlining the energy and maintenance costs required to keep such fixtures working. The stronger a case you can build for the ROI of LED lighting, the better the odds that stakeholders will agree to earmark the funds needed.
