Projects  /  Chino Spectrum Shopping Center
Case study · LED Lighting

Chino Spectrum Shopping Center

NRG Incentives partnered with Chino Spectrum Shopping Center in Chino, CA on a high-efficiency LED retrofit — brighter, safer light with meaningful energy savings and secured utility rebate support.

Chino Spectrum Shopping Center
Chino Spectrum Shopping CenterLED retrofit · Chino, CA
$70,094
annual energy savings
$12,000
utility rebate secured
2.62 yrs
payback period
$195,373
total project investment
Run a facility like this?
Get a free assessment ›

The challenge

Shin Yen, the property management company for Chino Spectrum Towne Center, was committed to completing a full transition to LED across the retail center — with zero capital expenditure. The goal was to complete the upgrade ahead of SCE reinstating rebates and relaunching its On-Bill Financing program.

The solution

NRG Incentives structured the project through the GoGreen financing platform, allowing the upgrade to proceed immediately while still positioning the center to benefit from returning utility incentives.

Testimonial to come — a sentence from Chino Spectrum Shopping Center on the results and working with NRG Incentives.
Name, Title
Chino Spectrum Shopping Center

The results

The retrofit delivered immediate energy savings, reduced maintenance demands, and improved lighting quality throughout the property — giving ownership a cost-neutral path to modernization and long-term operational efficiency.

Return on investment — net cash position over 10 years
Break-even 2.62 yrs
+$517,567
$600k$400k$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
$1,274,436$1,168,233$1,078,369$1,001,343$934,587$876,175
a one-time lift to the property’s value at a 5.5%6%6.5%7%7.5%8% cap rate — capitalizing $70,094/yr in energy savings.
Cap rate
0% financing — interest you avoid
$15,630$17,584$19,147$19,537$21,491$23,445
in interest avoided each year at 8%9%9.8%10%11%12% — on the $195,373 project cost, financed at 0%.
Interest rate