Precision Paragon products shipped in 2011 will save U.S. facilities over $68-million a year through estimated energy savings of over 681-million kWh. Enough energy to power more than 24,000 U.S. homes for a year! Those energy savings come with significant environmental benefits, including an estimated 934-million pound reduction in carbon dioxide emissions, roughly equivalent to taking 144,308 cars off the road for a year.
"Most of the companies who use our fixtures are motivated by the cost savings," explains Joe Martin, vice president and general manager. "But many also appreciate that an energy efficient lighting retrofit delivers quantifiable environmental benefits along with its cost savings."
While environmentally friendly business practices are often viewed as an added cost for businesses, energy efficient lighting is one area where cost savings and environmental benefits are an inseparable combination.
Looking at the company’s history as a whole, the cumulative impact of [P2]'s energy savings is staggering. The company estimates its products have saved 23 billion kWh of electricity since 1992. In terms of greenhouse gas reductions, that's equivalent to preserving over 183,000 acres of forest from destruction.
"We’re not often seen as an environmentally motivated company," explains Martin, "but if you look at the numbers, our products have a tremendous positive environmental impact."
Using today's energy costs, [P2] products put in service since 1992 have saved U.S. businesses over $2.3-billion. Or - to put it another way - conserved enough energy to power over 800,000 U.S. homes for a year.
"We're proud of what our products do," said Martin. "Proud that they help businesses save money and proud that they have such a positive effect on our planet."
Greenhouse gas equivalents listed in this article are calculated using the U.S. Environmental Protection Agency's guidelines
Cost savings listed in this article are calculated using the average retail price in the commercial sector for November of 2011 listed in the U.S. Energy Information Administration's Electric Power Monthly for January 2012
Average annual household electricity consumption is calculated from the U.S. Energy Information Administration's 2005 Residential Energy Consumption Survey (PDF).