Projects  /  John's Incredible Pizza Kitchen
Case study · LED Lighting

John's Incredible Pizza Kitchen

NRG Incentives partnered with John's Incredible Pizza Kitchen in Bakersfield, CA on a high-efficiency LED retrofit — brighter, safer light with meaningful energy savings and secured utility rebate support.

John's Incredible Pizza Kitchen
John's Incredible Pizza KitchenLED retrofit · Bakersfield, CA
$35,685
annual energy savings
$15,307
utility rebate secured
4.46 yrs
payback period
$174,547
total project investment
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The challenge

Bakersfield, CA

Project Budget: $174,546.62

Customer Rebates Obtained: $15,306.60

Annual Energy Savings: $35,685.04

The solution

NRG Incentives packaged a full LED retrofit across the dining, buffet, arcade, and back-of-house areas — warm, inviting light for guests and efficient, low-maintenance fixtures for staff — and secured a $15,307 utility rebate to offset the cost.

Testimonial to come — a sentence from John's Incredible Pizza Kitchen on the results and working with NRG Incentives.
Name, Title
John's Incredible Pizza Kitchen

The results

The upgrade delivers $35,685 in annual energy savings against a $174,547 project investment — net $159,240 after the $15,307 utility rebate — recovering the net investment in roughly 4.46 yrs, then compounding into net savings while the new lighting keeps working.

Return on investment — net cash position over 10 years
Break-even 4.46 yrs
+$197,610
$200k$100k$0-$100k
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
$648,818$594,750$549,000$509,786$475,800$446,062
a one-time lift to the property’s value at a 5.5%6%6.5%7%7.5%8% cap rate — capitalizing $35,685/yr in energy savings.
Cap rate
0% financing — interest you avoid
$13,964$15,709$17,106$17,455$19,200$20,946
in interest avoided each year at 8%9%9.8%10%11%12% — on the $174,547 project cost, financed at 0%.
Interest rate