How to Enhance Real Estate Investments with LED Lighting

When it comes to selling properties, lighting makes a huge difference. Whether it’s residential or commercial, the likelihood of closing a sale depends on a lot of factors–including the lighting.

Nowadays, many owners are looking for innovative ways to increase the value and charm of their properties. One effective solution for this that we’ll talk about is installing LED lighting. It’s a simple yet impactful change.

Using LED lighting is energy-efficient, long-lasting, and cost-effective, making it a sought-after feature in residential houses and commercial properties.

Upscale your property without significant costs once you make the switch to LED lighting. Keep reading to learn more about it.

What are the Benefits of LED Lighting for Real Estate Investments?

Highly Energy Efficient

LED lights were created with energy efficiency in mind. They consume much less power compared to traditional lighting, easing up the load on the electricity bill. This is especially helpful for landlords or property owners who manage many properties or huge commercial spaces, which is why LED lighting is considered a sustainable, cost-effective approach.

Requires Less Maintenance

Unlike regular lighting, LED lights are much more durable and won’t need as much maintenance. LED lighting has a longer lifespan compared to incandescent and fluorescent light bulbs. On average, LED lights can last up to 50,000 hours or more, whereas the other two can only last between 1,000 to 10,000 hours. Landlords and property owners do not need to replace the lightbulbs frequently, reducing additional costs and time.

Environmentally Conscious

As mentioned previously, LED lighting is all about energy efficiency which makes it the environmentally-conscious choice for light bulbs. Not only does this serve a positive impact on the planet, but also on the property owner or landlord’s reputation. With so many tenants and clients becoming more and more aware of the current state of the planet, it’s also important for them to make eco-conscious choices with the least amount of carbon footprint and less hazardous waste.

Aesthetically Appealing

LED lighting can set the mood better compared to traditional lighting. Property owners have the freedom to customize the color, temperature, and brightness level of the LED bulbs, creating their preferred ambiance.

What are the Financial Advantages of LED Lighting?

Significant Cost Savings

We talked about how LED lights require less maintenance due to their longer lifespan. Some might argue that they are more expensive than regular lightbulbs. While that may be true, LED lights are only expensive upfront. When you take into consideration the number of times you’ll have to replace them and how long before they run out of energy, you’ll realize how much you’re saving in the long run. There will be a lot more replacing and maintenance involved when using traditional lighting, which can add up in costs over time.

Increased Property Value

Upgrading to LED lights elevates the property, appearing more modern and up-to-date. Potential buyers or tenants find it more attractive when the property is well-maintained. Due to its improved appearance, the property presents itself as more desirable in the market,

Tax Incentives

There are a lot of tax incentives and rebates that owners can benefit from upgrading to LED lighting. For one, the Energy Policy Act of 2005 (EPAct) provides up to $1.88 per square foot of tax deductions for properties that focus on being energy-efficient. Additionally, the Inflation Reduction Act of 2022 allows you to claim eco-conscious LED lighting on your taxes.

Property owners should take advantage of these incentives, saving a hefty amount of dollars while also reducing their carbon footprint.

Integration for LED Lighting in Real Estate

Evaluate Current Lighting Systems

Audit Your Current Lighting System

Do an audit of all existing lighting systems on the property. Make sure to note the quality and conditions of these light fixtures.

Look for Inefficiencies

Do a site visit and check which areas have insufficient lighting or are pretty dark. Usually, these areas would be hallways or areas where there isn’t a lot of foot traffic.

Assess Quality of the Lighting

Is the lighting bright enough? How about the color of the lighting, does it set the mood or does it cause a nuisance to the eyes? Here are some factors to consider if the current lighting situation is decent enough.

Analyze the Energy Consumption Levels

Do a calculation of the total energy consumption of the current lighting setup to understand how much savings will be accumulated once you make the switch to LED.

Choosing the Right LED Products

Choosing the right LED products involves considering factors such as energy efficiency, brightness, color temperature, and lifespan. With so many LED lighting options available in the market, it’s important to note that not all are made the same, and consulting with the experts can give you the best insights on picking the right one for your property.

Professional Installation vs. DIY

Professional Installation

Having the LED lights professionally installed means less labor on your end. You have experts who are setting up the new lighting system, handling complex installations and are equipped to troubleshoot any issues. You also put yourself away from the risk of any potential accidents from the electrical hazards.

The main downside to this is of course the added cost–this can add up, especially if you’re managing large and/or multiple properties. Additionally, you will also need to work on a schedule to get this done, which could mean a possible delay.

DIY

This is the most cost-effective option out of the two. If this is your first time setting up LED lights yourself, consider this a learning experience that you can apply to next time. You also get to work at your own pace with no one rushing you.

The disadvantage to doing it yourself is that it can be time-consuming, which is not ideal if you have a busy schedule. You also put yourself at risk of safety hazards if you commit a mistake (then include the added cost to fix that mistake).

Inspirational Success Stories

Tamarocks

Tamarocks in Tamarindo, Costa Rica needed our support for their new construction project. They needed an optimal lighting environment for their customers. We added flood lights in strategic locations to brighten up the dark spots of the gym. The new LED lights enhanced visibility and safety for gym goers.

Read more

CBRE Global Workplace Solution

CBRE partnered with Siemens Energy and upgraded their manufacturing facility’s lighting system to LED high bay fixtures from LED Lighting Supply. This big decision resulted in a 54% increase in energy savings and a 30% boost in the lifespan of the lighting system, improving lighting conditions for the employees significantly.

Read more

FUPC of Dale City

The FUPC of Dale City upgraded its parking lot with LED lighting. We suggested replacing the 45 Watt Metal Halide LED Retrofit Kit. The switch resulted in improved light quality, significant energy savings, and reduced maintenance costs, enhancing both operational efficiency and a well-lit parking lot.

Read more

Trends in LED Lighting for Real Estate

Smart Lighting Systems

With home automation becoming a staple for many homeowners recently, it’s foreseeable that smart lighting systems will skyrocket in popularity. This involves being able to control the lighting to your specific preference without the traditional light switch.

With smart LEDs, you can adjust the brightness and color based on your mood while still consuming less energy than traditional lightbulbs. It’s convenient and you can easily change the settings through your phone.

Advanced Lighting Design

When it comes to aesthetics and design, LED lighting continues to prove its flexibility and ability to transform ordinary areas into something more innovative and aesthetically pleasing. You will notice the different room looks with overhead and accent lighting. A room with accent lighting has more character and visual appeal. This works for both residential and commercial properties, improving the ambiance and elevating the experience of the space.

Conclusion

Switching to LED lighting in your property is the right move that enhances energy efficiency, reduces maintenance costs, and improves the overall aesthetic. As an eco-friendly and financially smart upgrade, LED lighting boosts property value and aligns with modern sustainability trends.

Witness the transformative power and make your real estate properties more appealing, efficient, and innovative with LED Lighting Supply.