Projects  /  Mazda / Mitsubishi of Fresno
Case study · LED Lighting

Mazda / Mitsubishi of Fresno

NRG Incentives partnered with Mazda / Mitsubishi of Fresno in Fresno, CA on a high-efficiency LED retrofit — brighter, safer light across the lot, showroom, and service areas, with a secured utility rebate through PG&E.

Mazda / Mitsubishi of Fresno
Mazda / Mitsubishi of FresnoLED retrofit · auto dealership
$30,690
annual energy savings
$5,000
utility rebate secured
5.52 yrs
payback period
$174,379
total project investment
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The challenge

Mazda / Mitsubishi of Fresno, an auto dealership in Fresno, CA, ran aging metal-halide and fluorescent lighting across its parking lot, showroom, and service bays — expensive to power and maintain, and a presentation and safety concern for a customer-facing site that operates well after dark.

The solution

NRG Incentives retrofitted parking-lot pole lights, showroom troffers, and interior can lights to high-efficiency LED, and secured a $5,000 utility rebate through PG&E to offset the cost — bringing the net cost to $169,379. The new fixtures carry a 7-year warranty.

The results

The retrofit delivers $30,689.73 in annual energy savings — about $2,557.48 a month — recovering the $174,378.65 investment ($169,378.65 net of the rebate) in roughly 5.52 years, then compounding into net savings. Crisper, even light lifts the look of the lot and showroom while cutting the maintenance load.

Return on investment — net cash position over 10 years
Break-even 5.52 yrs
+$137,519
$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
$557,995$511,496$472,150$438,425$409,196$383,622
a one-time lift to the property's value at a 5.5%6%6.5%7%7.5%8% cap rate — capitalizing $30,690/yr in energy savings.
Cap rate
0% financing — interest you avoid
$13,550$15,244$16,599$16,938$18,632$20,325
in interest avoided each year at 8%9%9.8%10%11%12% — on the $169,379 net project cost, financed at 0%.
Interest rate