February 8, 2010

Energy-Efficient Lighting Saves Canadian Tire $6M in 2009

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Canadian Tire, a retailer of tire and automotive parts, gas stations and general merchandise and apparel, says it will be among the first Canadian companies to include their sustainability metrics in its quarterly and year-end financial reporting, according to its first Community and Business Sustainability Report.

Starting in 2010, the company will report some sustainability metrics quarterly while other metrics will be summarized annually.

Here are several environmental highlights in the company’s first sustainability report.

Canadian Tire is completing an energy-efficient lighting program in 361 stores. This helped save over 45 million….

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Reader Comments

This is just the beginning. The real savings technology is about to unleash which will change the way we see things in lighting very soon… These energy savings will be dwarfed by lighting solutions about to be released.

It is pretty amazing that this company will save $6 million in just one year and then another $12 million the next in energy savings. I am surprised that most building owners are not doing the same with all of the rebates that are available that are making these retrofits even more affordable. There are retrofit kits out already on the market that will allow you to take your old T12 and T8 fixtures and convert them to use T5 bulbs. This is a great and easy way to become more energy efficient and you can find a sample of these kits at http://www.lumiversal.com. I would highly recommend looking into becoming more energy efficient because of all the money and energy that you can save.

Unquestionably the most common and widely used energy reduction strategy available today. Becasue lighting represents roughly 25% to 40% of total Industrial and Commercial building energy consumption, lighting retrofits are the most common, simple and cost effective means to find efficiency gains.

When you combine a 50% reduction in energy consumption with the current rebate programs available, retrofitting inefficient fixtures with HIF – T8 and T5 Technology typically gives and ROI of less than one year.

More companies should be looking seriously at implementing similar projects.

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