Prior to purchasing the streetlights, the City was paying well over $1 million per year to Southern California Edison (SCE) for electricity and maintenance of the streetlights, and the cost was expected to increase each year. When the City buys and retrofits the streetlights, the amount paid to SCE will decrease significantly because we will be paying less for energy and will not pay SCE to maintain the streetlights.
For example, the City paid SCE about $12.68 per month for a residential, 55-watt, low pressure sodium light. That cost will be reduced to $3.58 per month when the light is retrofitted with an LED fixture, which also includes an administrative support fee and monthly fee paid to our maintenance contractor, Siemens Mobility. With the savings, the City will be able to repay the investment made in the purchase of the streetlights and the retrofit to the new LED fixtures. The investment will be repaid over a period of 15 years.