Parking Lot Lighting with LEDs: T.J.Maxx Plaza
The LED installation at the T.J.Maxx plaza produced cost savings for both the owner and the tenants. As explained by the owner, the tenants pay utility costs proportionally, based on the square footage of their individual space, and thus have the energy savings passed directly on to them. The plaza owner realizes savings through reduced maintenance costs, which are expected to be significant. The shared savings, coupled with tenant satisfaction, makes the project a win-win for both the owner and the tenants.