It’s estimated that the conversion to Smart technology LED fixtures will reduce annual electricity costs by 54 percent or by $650,000, and reduce maintenance costs by 80 percent or by $187,000.
The City expects to save an estimated 3,618,570 kilowatt-hours of energy per year, a 70 percent reduction compared to the current energy consumption for City streetlights. The reduction is the equivalent of the typical energy use by 375 homes for an entire year. The annual electricity cost is expected to be reduced to $552,800 from the $1.2 million for the existing streetlights, a savings of $650,000.