A store’s newly installed LED lighting is expected to shave more than 22 percent off its annual electricity bill and reduce its greenhouse gas emissions by over 105 tonnes a year.
Hopper Group owner, Brad Hopper is pioneering his vision for a greener retail sector. Hopper, who owns IGA stores in Brisbane and Sydney, custom-built and opened what he believes is the greenest supermarket in Australia at Greenslopes. The experience gave him insight into reducing energy consumption through environmentally friendly construction materials, as well as refrigeration, air-conditioning, solar and lighting technologies.
At Hopper’s Milton store in Brisbane’s inner west, newly installed LED lighting, which has replaced old fluorescent lights, is expected to shave more than 22 percent off IGA Milton’s annual electricity bill and reduce its greenhouse gas emissions by over 105 tonnes a year. Hopper used Low Carbon Australia’s on-bill finance to cover the $28,000 upfront cost of lighting improvements.
Repayments for the Milton lighting project, made through IGA Milton’s energy bill, are structured to be cash flow positive from day one, with the monthly payments, to be made over three years, less than the monthly savings achieved through the new lighting.
“Being green is proving to have financial benefits for us. We are saving money on our energy bills,” Hopper says, adding that Low Carbon Australia’s financing program helped him upgrade the Milton store’s lighting without having to fund the upfront costs.
“You can want to do the right thing environmentally as much as you like, but, if it doesn’t make financial sense, then the incentive is just not there to deliver the ‘right’ solution for the environment,” he concludes.