Presentation to Annual Parish Meeting 2019 Proposal to change all Parish Lighting to LED lighting
Current Costs Electricity £5920.46 Maintenance (Annual Contract) £2163.04 Consumable (Bulbs) £ 156.42 Fund for replacement lights (total failures) £1500.00 Total Costs in Annual Precept £9739.92
Proposed Running Costsof LEDs Electricity (projected costs 71% saving) £1243.00 Maintenance (none covered by warranty) £ 0.00 Consumable (none covered by warranty) £ 0.00 Fund for replacement lights (total failures) £ 500.00 Total Costs in Annual Precept £1743.00 Net savings per annum £7996.92
Approx. Capital Costs to be financed Replacement Units (168 @ £250) £42000.00 Replace Concrete Posts as nearing £ 5850.00 end of life (9 @ £650) Total Costs £47850.00 This to be funded by 5 year SALIS interest free loan less reserves for street light £8705.00 Costs for next 5 years - Electricity £ 1743.00 5 Year interest free loan £ 7829.00 (£47850 - £8705 over 5 years) Total Costs £ 9572.00 Previous Costs £ 9739.92 Therefore whole budget should be financed with no increase to Precept
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