As a company with recycling part of their core business, Lakeside Packaging were particularly interested in reducing their carbon footprint.
The LED upgrade involved the installation of over 100 150W Cherry LED Corn Lights which will lead to energy savings of 63%. Approved under the VEEC scheme, the Cherry LED Corn Lights generated a rebate of over $30,000, reducing the cost of the upgrade by 86%!
Over the next 10 years, Lakeside Packaging will save $193,772, a return on investment of 315%.In addition, due to Cherry’s participation in the Hume Light$mart program, they received a subsidy of an additional $500.
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