Web tool calculates lifecycle costs of lighting systems
ATLANTA — Acuity Brands Inc. has developed a leap-forward financial tool that allows users to determine the true economic value of a lighting system, according to a press release.
The Visual Economic Tool is a free, web-based, user-friendly design tool that uses recommended industry practices to simultaneously estimate and compare the lifecycle costs of up to three lighting systems, the release stated.
"This is a breakthrough tool that provides users with more data, deeper evaluations and more choices," said Randall King, director of illuminating engineering services for Acuity Brands Lighting.
"You can choose to perform energy-only estimates or input additional information to create estimates that include maintenance, lighting controls and heating, ventilating and air conditioning (HVAC) data. The resulting calculated costs can include economic return as well as lifecycle costs, net present value, and internal rate of return. These second-level analysis methods provide an owner with a better business assessment than the typical payback methods currently employed because they account for the time value of money and total cost of ownership," King added.
According to the release, the Visual Economic Tool is an integral part of the company''s visual lighting design tools and is available as a free resource; no log-in is required.
Users can input data from any products within the Acuity Brands interior and exterior lighting product portfolio or even data from non-Acuity Brands lighting products, the release noted.
Click here to read the complete release.