LED lighting retrofits for Auburn student housing portfolio improve site lighting while generating a 21% ROI.
Asset Facts
Date Built 2008, 2012
Number of Beds 1,354
Asset Type Student Housing
Project Facts
Annual Energy Savings 440,506 kWh
Annual Energy Reduction 60.2%
Annual Cost Savings $36,841
Gross Investment $179,257
Net Investment $179,257
Net Payback 4.86 years
ROI: 21%
Challenge
GreenGen assessed two of Harrison Street Real Estate Capital’s (HSRE) student housing buildings — Copper Beech and The Grove. This assessment revealed that both buildings were in need of lighting upgrades to reduce energy consumption and improve site lighting.
Thousands of kWh Annually
Our Solution
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Our solution consisted of furnishing and installing over 1,000 new lamps and fixtures in common and exterior areas. All lighting systems were replaced with LED in order to maximize energy efficiency while reducing operating costs. This new lighting not only increased energy savings, but also created a more well-lit and therefore safer atmosphere for the university students living there. Projects were delivered on schedule and within budget.
- Conducted on-site surveys.
- Developed photometric analysis.
- Developed site-specific solutions utilizing 14 unique lamps or fixtures.
Energy Savings 60.2%
New LED lighting has created more efficient lighting in and outside of the buildings, specifically increasing exterior building visibility leading to a safer and more cost-efficient housing complexes.
