Projects  /  Bayshire Rancho Mirage Senior Living
Case study · LED Lighting

Bayshire Rancho Mirage Senior Living

NRG Incentives delivered a full LED lighting upgrade for Bayshire Rancho Mirage Senior Living in Rancho Mirage, CA — brighter, safer illumination across resident and care areas, financed with zero capital out of pocket.

Bayshire Rancho Mirage Senior Living
Bayshire Rancho Mirage Senior LivingLED retrofit · senior living
$52,142
annual energy savings
$4,345.19
monthly savings — matched to repayment
3.63 yrs
payback period
$0
out-of-pocket cost
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The challenge

Bayshire Rancho Mirage Senior Living needed brighter, more reliable lighting across resident rooms, hallways, and exterior areas — a 24/7 care environment where dim, aging fixtures affect resident safety and drive up maintenance. The facility needed a durable, efficient upgrade that wouldn't pull capital from operations.

The solution

NRG Incentives packaged 1,127 lamp and fixture replacements across interior and exterior areas, backed by a 5-year LED fixture warranty. A $28,000 utility rebate brought the net cost to $189,220, and the project was structured for on-bill financing — so it moved forward with zero out of pocket, monthly repayment matched to the energy savings.

The results

The retrofit delivers $52,142.39 in annual energy savings — about $4,345.19 a month — recovering the $189,220.02 net investment in roughly 3.63 years, then compounding into net savings while the new lighting keeps working. Residents and staff get even, glare-free light with far less maintenance strain.

Return on investment — net cash position over 10 years
Break-even 3.63 yrs
+$332,204
$200k$0-$200k
Yr 0Yr 2Yr 4Yr 6Yr 8Yr 10
Additional financial impact

What the upgrade is worth to the asset

Two of the levers an upgrade like this moves — value created and interest avoided. Adjust the rates to match your underwriting.

Added property value
$948,043$869,040$802,191$744,891$695,232$651,780
a one-time lift to the property's value at a 5.5%6%6.5%7%7.5%8% cap rate — capitalizing $52,142/yr in energy savings.
Cap rate
0% financing — interest you avoid
$15,138$17,030$18,544$18,922$20,814$22,706
in interest avoided each year at 8%9%9.8%10%11%12% — on the $189,220 project cost, financed at 0%.
Interest rate