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When (and Where) Solar LED Lighting Makes Sense

Right now, very few businesses or real estate development companies would think first about using solar panels to run their outdoor lights, but in places where’s no established cabling, solar lights really can make sense from an economic and efficiency standpoint. The size of the overall commercial outdoor lighting market is estimated at $11 billion. Within that, there’s a pronounced shift to LED technologies. In 2012, for example, 54 percent of the 2 million luminaires installed along roadways and tunnels around the world were LED format, reports Strategies Unlimited in its January 2014 report on outdoor area and street lighting. Another forecast from Navigant Research predicts shipments of smart, LED-based street lights will top 17 million by 2020. This technology will find traction in locations where safety and grid infrastructure are of equal concern.

www.forbes.com