Projects  /  Willow Station Shopping Center
Case study · LED Lighting

Willow Station Shopping Center

NRG Incentives partnered with Willow Station Shopping Center at the southeast corner of Willow and Nees in Clovis on a high-efficiency LED retrofit — brighter, safer light across the parking lot, storefronts, and common areas, with meaningful energy savings and PG&E on-bill financing.

Willow Station Shopping CenterLED retrofit · Clovis, CA
$28,641
annual energy savings
$2,387
monthly savings
2.36 yrs
payback period
$67,480
total project cost
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The challenge

Willow Station Shopping Center runs parking-lot, storefront, decorative, and wall-pack lighting long hours every day. The center’s older high-wattage fixtures — 1000W and 400W area lights, dated recessed cans, and metal-halide wall packs — were expensive to power and maintain, and due for a durable, high-efficiency upgrade.

The solution

NRG Incentives replaced 126 lamps and fixtures across the center — swapping 1000W and 400W area lights for 150W LED, 52W cans for 13W, decorative bulbs, and 150W metal-halide wall packs for 50W LED — all backed by a 10-year manufacturer warranty and coordinated with PG&E on-bill financing. Installation ran on a tight 3–6 week schedule around center operations.

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

The results

The retrofit delivers $28,640.55 in annual energy savings against a $67,479.60 project cost, recovering the investment in roughly 2.36 years, then compounding into net savings while the new lighting keeps working — with brighter, more uniform light across the parking lot, storefronts, and common areas.

Return on investment — net cash position over 10 years
Break-even 2.36 yrs
+$218,926
$200k$100k$0
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
$520,737$477,342$440,624$409,151$381,874$358,007
a one-time lift to the property’s value at a 5.5%6%6.5%7%7.5%8% cap rate — capitalizing $28,641/yr in energy savings.
Cap rate
0% financing — interest you avoid
$5,398$6,073$6,613$6,748$7,423$8,098
in interest avoided each year at 8%9%9.8%10%11%12% — on the $67,480 project cost, financed at 0%.
Interest rate