Financing options range from traditional municipal bonding to investor owned utility programs, and third party financing, which are covered in the Decision Tree Tool and Outdoor Lighting Challenges and Solution Pathways report. Many organizations combine several of these options to develop the optimal financing package for their LED conversion. To analyze the cost and return-on-investment from street and parking facility lighting efficiency projects, some Outdoor Lighting Accelerator partners used The Street and Parking Facility Lighting Retrofit Financial Analysis Tool. Based on partner feedback, the Financial Analysis Tool was enhanced with easy to use input default values and maintenance variables that improve tool usability for cost and environmental impact analysis. See the Financial Analysis Tool complimentary guides for more information on methodology and assumptions.
TOOLSThe Street and Parking Facility Lighting Retrofit Financial Analysis Tool helps to analyze the cost and return-on-investment from street and parking facility lighting efficiency projects.The Street and Parking Facility Retrofit Financial Analysis Tool provides the ability to perform detailed, relatively complex analysis of the costs and benefits from street and parking facility lighting efficiency projects.Components of the life-cycle cost analysis used in the Street and Parking Facility Lighting Retrofit Financial Analysis Tool are explained.This guidance complements the Street and Parking Facility Lighting Retrofit Financial Analysis Tool. It provides instructions on file functions, clarification of the assumptions, and detailed instructions for project-specific inputs.The Outdoor Lighting Decision Tree Tool provides an interactive and visual representation of possible approaches and decisions that will typically be encountered in upgrading/replacing a public outdoor lighting system.Across the nation, outdoor lighting helps communities create a safe environment for residents and business owners to live, work, play, and travel. This is a vital public service supported by taxpayer dollars that municipalities and their utilities provide, and there are many solutions that municipalities are adopting for LED conversions.