Projects  /  Crossroads Shopping Center
Case study · LED Lighting

Crossroads Shopping Center

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

Crossroads Shopping CenterLED retrofit · Central Valley, CA
$60,000
annual energy savings
$15,000
utility rebate secured
2.75 yrs
payback period
$180,000
total project investment
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The challenge

Crossroads Shopping Center is a busy retail property where parking-lot, storefront, and common-area lighting run long hours every day. The aging fixtures were expensive to power and maintain, and inconsistent light levels affected both tenant appeal and shopper safety after dark.

The solution

NRG Incentives packaged a center-wide LED retrofit — exterior, parking, and common areas — and secured utility rebate support to offset the investment, delivering brighter, more uniform light with dramatically lower energy and maintenance costs.

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

The results

The upgrade delivers $60,000 in annual energy savings against a $180,000 project investment — net $165,000 after the $15,000 utility rebate — recovering the net investment in roughly 2.75 yrs, then compounding into net savings while the new lighting keeps working.

Return on investment — net cash position over 10 years
Break-even 2.75 yrs
+$435,000
$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
$1,090,909$1,000,000$923,077$857,143$800,000$750,000
a one-time lift to the property’s value at a 5.5%6%6.5%7%7.5%8% cap rate — capitalizing $60,000/yr in energy savings.
Cap rate
0% financing — interest you avoid
$14,400$16,200$17,640$18,000$19,800$21,600
in interest avoided each year at 8%9%9.8%10%11%12% — on the $180,000 project cost, financed at 0%.
Interest rate