An Energy Efficiency project can be on a small or a large scale. For example, a typical lighting project, such as replacing fluorescent tubes with LED lamps, might cost a business €10,000. The projected energy savings on this would be €4,000 / 25,000kWhs per year plus additional maintenance/servicing savings, as LED bulbs have extremely long lives and low failure rates.
Electric Ireland can then submit the project to SEAI on behalf of our customer. Once this is approved by the SEAI, we will give our customer an energy rebate. In the example above, we gave our customer a €1,750 deduction on their energy bill, which helped reduce the payback down to approx. two years.