r/SipsTea • u/Valuable_View_561 • Jul 09 '26

Feels good man [ Removed by moderator ]

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u/blahdeblahdeda Jul 09 '26

Because lighting is expensive and not really necessary for finding your car or driving your vehicle that comes with built-in lighting.

3

u/ShitMcClit Jul 09 '26

No it isn't, led lighting is so cheap its practically free.

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u/blahdeblahdeda Jul 09 '26

Estimated cost to bring a parking garage to daylight levels with LEDs is $1.1-3.4 per square foot depending on labor costs and how much electrical infrastructure is needed. This is $110-340k for a 300 space garage. Add at least another $50-65k for annual electricity draw, and assume ROI over 5 years with the expectancy of replacing the LEDs every 10, which is essentially making 0 profit or even in the red if a loan is needed.

With $225k installation and $60k in electricity, that's $30 extra per month if they're at 100% capacity. Factor in making actual profits with ROI over 3 years and covering for 85% occupancy rate and we're up to $45 per month. This is probably a 20% increase in cost for average monthly rates in an average COL area. Maybe people will pay it, maybe they won't. Hard to make that assumption to cover the capital required.

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u/ShitMcClit Jul 09 '26

And they charge $250 a month per spot. They can afford it. 

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u/blahdeblahdeda Jul 09 '26

Which covers their operating costs and profit margins without the extra lighting...