Lighting V: Economics

Lighting is frequently a large proportion of the energy consumption in buildings and can be a significant cost in industrial spaces too. Projects to improve the energy efficiency of lighting are among some of the lowest risk, highest payback projects that an energy manager can select. To select and justify those projects, energy managers need to be able to show how the changes will impact the consumption and present the financial benefits. In this class we’ll see a number of ways to make simple evaluations of lighting projects. Before you take this class, you will need a basic understanding of electrical fundamentals such as demand, power and energy. You will also need to understand energy rate structures. Please see our classes on these topics if you need them as pre-requisites.