Not All LED Sports Lighting Systems are Equally Efficient

The total cost of ownership (TCO) is the purchase price of an asset plus the costs of operation. Assessing the total cost of ownership represents taking a bigger picture look at what the product is and what its value is over time.  When choosing among alternatives in a purchasing decision, buyers should look not just at an item's short-term price, known as its purchase price, but also at its long-term price, which is its total cost of ownership. The item with the lower total cost of ownership is the better value in the long run.

Why is TCO important?

  • TCO is important because it shows you what you actually end up spending when you purchase something.

  • If you have a limited budget, then it's all the more important to consider the total cost of ownership of an item before buying it.

Quality Costs?

  • Unforeseen or uncontrolled quality problems from a supplier may lead to:

    • Lower product quality – increased inspection, unhappy customers

    • Potentially costly product returns and shortages

    • Possible legal liability

    • The inability of supplier to meet certification, safety or other regulatory issues

  • Efforts to anticipate, control, mitigate, or resolve the above quality issues will result in increased travel and oversight time and cost for this supplier.

Hidden Costs?

Be careful of hidden costs that make one supplier bid not equal to the others.

  • Communication cost ... do all bidders provide all communication costs over the warranty period or not?

  • Maintenance ... does the warranty include maintenance cost?

  • KW ... not all LED systems are created equal and all systems vary on electrical power consumption.

Need Help?  Contact Premier Sports Lighting

Ready to upgrade your venue with an LED sports lighting system? Have a question? Let our experts create your tailored solution. Just give us a call at 800-674-6058 or email us at sales@psl-sports.com. We look forward to assisting you.

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