Would it surprise you to know that, according to the Department of Energy (DOE) in 2015, there is a 88% chance that when you walk into a commercial building in the United States that the building has not been retrofitted for LED lighting? In it’s most recent study on the topic, the DOE also found that if the industry reaches the DOE’s benchmark of 90% LED market penetration by 2030, there would be a 3900 TWh reduction—almost 60% of the energy consumed by lighting in the United States. Achieving this goal by then would have the same effect as if every American household were simply removed from the grid—twice.
Benchmarks like the one set by the DOE are why we created EMPEQ, and why we remain so committed to our goals. Not only would reaching the DOE’s benchmark save 3900 TWh, but these lighting upgrades would also save $380 billion in U.S. electricity costs. Our UnFinancing program at EMPEQ will ensure that these savings can more easily be shared with the consumer, and without the initial capital required for such LED energy efficiency projects in commercial buildings.