Pennsylvania Town Finds $40,000 Savings and Cash Flow Positive Financing in GE LED Street Lighting Solution

  Pennsylvania Town Finds $40,000 Savings and Cash Flow Positive Financing in
  GE LED Street Lighting Solution

Business Wire

EAST CLEVELAND, Ohio -- December 13, 2012

The Borough of Tarentum in Western Pennsylvania is converting 100 percent of
its street lighting to GE’s new Evolve™ LED Scalable Cobrahead fixtures with
dimmable photocells. The switch will save Tarentum approximately 66 percent in
annual lighting energy and maintenance costs, equaling about $40,000 based on
a $.10 kWh rate and 4,000 hours of operation a year. And, with financing from
GE Capital, the borough now has a lease-to-own solution that requires no
out-of-pocket funds and results in an annual positive cash flow.

Tarentum is the first U.S. city to convert 100 percent of its street lighting
to GE's new Evolve(TM) ...

Tarentum is the first U.S. city to convert 100 percent of its street lighting
to GE's new Evolve(TM) LED Scalable fixtures. (Photo: General Electric)

GE conducted an audit of Tarentum’s old street lighting comprised of 100- and
250-watt fixtures. The analysis showed it consumed 335,771 kilowatt hours
(kWhs) of electricity annually, opposed to an estimated 112,517 kWhs to power
GE’s Evolve LED Roadway fixtures for one year. The LED lights, with a
50,000-hour rated life, would also alleviate maintenance costs—Tarentum was
receiving frequent calls to respond to streetlight outages with resulting
labor totaling $20,000 a year.

GE Capital then facilitated a lease-to-own financing strategy that applies the
city’s monthly street lighting savings of $3,200 toward its LED lighting
purchase. As a result, the borough was cash flow positive from day one of the
project.

Tarentum retrofit 430 streetlights with dimmable and programmable Evolve LED
fixtures. The dimming capability of GE’s Monitor™ Stand-Alone Controllers
allows Tarentum to dim the lights to a prefixed percentage.

“Start to finish, the decision was reached in four months after Tarentum
learned of GE’s technology and financing program,” said Austin Ashe, GE
territory manager. “Tarentum was able to look into the program, ask questions
and review the details quickly, which is significant because in this case, the
city was able to align this program with their budget and maintenance cycle.”

For more information about LED street lighting solutions from GE, visit
www.gelightingsolutions.com.

About GE Lighting

GE Lighting invents with the vigor of its founder Thomas Edison to develop
energy-efficient solutions that change the way people light their world in
commercial, industrial, municipal and residential settings. The business
employs about 15,000 people in more than 100 countries, and sells products
under the Reveal^® and Energy Smart^® consumer brands, and Evolve™, GTx™,
Immersion™, Infusion™, Lumination™ and Tetra^® commercial brands, all
trademarks of GE. General Electric (NYSE: GE) works on things that matter to
build a world that works better. For more information, visit
www.gelighting.com.

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Contact:

GE Lighting
David Schuellerman, 216-266-9702
david.schuellerman@ge.com
 
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